Slow SCBC sends shivers through covered bonds
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Covered Bonds

Slow SCBC sends shivers through covered bonds

Cold chill windy weather from Alamy 230x150

Swedish Covered Bond Corporation’s (SCBC) benchmark eight year deal, syndicated on Monday, was slow to build and, even though the final spread looked fine, the process clearly showed that investors are reticent to buy deals at prevailing levels.

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