Swedbank and UniCredit keep euro senior taps flowing

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By David Freitas
02 Oct 2019

Swedbank and UniCredit got away with paying small new issue premiums for senior bonds this week, after utilising an extremely favourable backdrop for issuers in the euro market.

Swedbank launched a €750m five year non-preferred senior bond at 70bp over mid-swaps.

It mandated Deutsche Bank, Goldman Sachs, HSBC, JP Morgan, Morgan Stanley and Swedbankto run the trade, which circulated price thoughts of 85bp area over mid-swaps.

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