AT1 yields ‘close to the lows’ as SEB shows restraint with dollar pricing
Skandinaviska Enskilda Banken (SEB) refrained from pushing into record territory with the coupon on its new dollar-denominated AT1 on Tuesday, as European banks begin testing new lows for yields in the asset class.
The Swedish bank began the pricing for its perpetual non-call 5.5 year AT1 in the 5.375% area on Tuesday morning.
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: firstname.lastname@example.org