Maturity: 8 March 2010
Issue price: 100.235
Launch date: Tuesday 1 February
Payment date: 8 March
Lead mgr: ABN Amro
Svenska last issued a Swiss franc bond in 1982 and its long absence means that it is very much a new name for our market. That is a positive angle to this deal, the diversification it offers.
We had a good premarketing period and syndication went OK, and overall the deal has gone well. The paper was priced at mid-swaps less 3bp and the five year maturity fitted the needs of a broad range of investors.
?...one of the better deals of the week. We like the name, which is rare in our market, and like the maturity. It attracts both institutional and retail demand. The deal certainly has value.?
?...a new and interesting name for our market. The maturity is right and the spread is nice compared to what else is on offer at the moment.?