Swedish krona levels look attractive compared to euros, say bankers, leading to a raft of large deals being printed at the short end. Swedbank and Deutsche Pfandbriefbank both benefited from these levels when they printed covered bonds this week.
“Year to date we have seen a massive performance in Swedish krona covered bonds,” said Johanna Behm, FIG banker at Swedbank
. “Today the dovish Riksbank added a further bid to this product. Given this market backdrop we managed to find another substantial private placement interest for Swedbank