Swedish krona prepares for midsummer break

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By Frank Jackman
20 Jun 2019

Issuance in Swedish kronor picked up this week, with three corporate issuers placing Skr6.28bn ($667.9m) across four private placements, as issuers looked to get in ahead of the midsummer break. In euros, a Dutch and French agency both placed paper, while protests in Hong Kong caused yields to spike in offshore Chinese renminbi and Hong Kong dollars.

“We are now in midsummer and the Swedish market is about to go to a complete standstill,” said a Scandinavian based banker. “Next week will still see some level of activity as it will be the last week for proper business.”

Regular green issuer real estate firm Vasakronan ...

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