Bluestep soars with second Swedish success

By Bill Thornhill
02 Oct 2020

By offering a hefty pick-up over national champions, Bluestep Bank, a Swedish non-standard mortgage lender, attracted a hefty order book for the second deal from its newly established covered bond platform this week.

Bluestep appointed Danske Bank, Nordea and SEB as lead managers on Monday, and then opened order books on Thursday for a Skr1bn ($110m) October 2025 with initial guidance of 54bp-59bp over three month Stibor. The deal is rated Aa1 and will pay a fixed quarterly coupon of 100bp. 


Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial