Sparebank struggles to ratchet in pricing on green deal
Sparebank 1 priced a seven year senior preferred bond in green format on Wednesday at mid-swaps plus 65bp. The €500m bond attracted demand of €700m but leads were not able to tighten pricing to the full extent of their ambitions.
Leads started out with initial price thoughts of 70bp area over mid-swaps and were able to tighten to guidance of 60bp-65bp over.Before ...
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