All material subject to strictly enforced copyright laws. © 2022 Euromoney Institutional Investor PLC group
FIG

Stadshypotek’s struggle signals change

Core covered bond issuers have become used to bringing deals flat or even through their secondary curves. But Stadshypotek’s struggle to price a benchmark in the single digits this week offers a lesson in the dangers of complacency, said covered bond bankers. It also signals the end of core spread contraction and the return of new issue premiums.

Unlock this article.

The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Take a Free Trial or Login
We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree