Handelsbanken scores blowout senior deal as markets start the week strongly
Svenska Handelsbanken attracted €8.5bn of demand for a new preferred senior bond on Monday, as credit markets started the week on a strong footing. The Swedish lender said the transaction would help it to ‘prudently manage’ its liquidity position.
Svenska Handelsbankenlaunched a €1.25bn five year senior deal at 135bp over mid-swaps.
It spied a good opportunity to bring the new funding in on Monday morning, with credit spreads rallying strongly, in line with equity indices.Sentiment was generally brighter among European investors, amid signs over ...