Sparebank struggles to ratchet in pricing on green deal

By David Freitas
04 Sep 2019

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.

Sparebank 1 chose BNP Paribas, Commerzbank, Credit Suisse and ING to run the books on the seven year preferred senior bond.

Leads started out with initial price thoughts of 70bp area over mid-swaps and were able to tighten to guidance of 60bp-65bp over.

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