Kommuninvest cautious with krona benchmark
Kommuninvest i Sverige, which was set to launch a Swedish krona benchmark on Thursday, has postponed the deal because of market volatility. The benchmark programme has been months in the making, and would have added a new asset class to the Swedish capital markets and a new reference curve between covered bonds and govvies. Kommuninvest is too committed to give up now, but how long will it have to wait? Read EuroWeek on Friday to find out.