Bail-in confusion strangles senior, despite Swedbank’s success
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Covered Bonds

Bail-in confusion strangles senior, despite Swedbank’s success

Swedbank priced the tightest fixed rate senior bond in several months this week, but bail-in uncertainty continues to undermine asset class. Bankers are split on whether issuers can be drawn away from covered bonds, which gave almost free funding for SEB Germany on Tuesday.

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