SCBC takes spread over size in Swedish sevens

tightrope Fotolia 230x150
By Bill Thornhill
22 Jan 2018

Despite mounting evidence of falling Swedish house prices and the likelihood that orders were lost at the re-offer spread, Swedish Covered Bond Corporation (SCBC) issued its tightest covered bond on Monday.

After mandating leads BarclaysHSBCLBBWNordea and UBS last week, the Swedish bank opened order books on Monday, with an initial spread of 5bp through mid-swaps. After about two hours orders had reached more than €1bn.

After a relatively long period of three and a half hours, a second ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.