Handelsbanken heads for seven year double

By Tom Porter
14 Nov 2013

Svenska Handelsbanken was set to price a seven year senior unsecured bond in sterling with a slender new issue premium on Thursday, supplying an investor base that has been shown little fixed rate paper this year.

The Aa3/AA-/AA- rated Swedish bank hired JP Morgan, Lloyds and Nomura as lead managers, and they put out initial price thoughts in the Gilts plus 110bp area. Guidance was then pulled in to 105bp plus or minus 2bp.

Bankers away from the deal saw that level as fair, ...

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