Swedbank pays double in sterling and gets half August's demand
Swedbank returned to the sterling covered bond market to issue its second sterling deal this year. Though the issuer paid a minimal concession, the spread was almost double what it paid in August and the order book almost half.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts