SR closes covered gap to Spabol

Horse_race_close_finish_575x375_Adobe_170220
By Bill Thornhill
17 Feb 2020

SR Boligkreditt issued a euro covered bond on Monday and, for the first time in its history, was able to price in line with Sparebank 1 Boligkreditt (Spabol). However, its hopes of issuing more than its usual €500m size were dashed.

SR Boligkreditt mandated JP MorganLBBWNatixisNordea and Santander to open order books on a new 10 year euro benchmark on Monday morning, starting with guidance of 13bp area over mid-swaps.

The Norwegian issuer did not specify a “€500m no-grow” deal, as has usually been the case, suggesting ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.