Stadshyp hits five year Swedish sweet spot

By Bill Thornhill
28 Mar 2014

Sweden’s Stadshypotek returned to the covered bond market on Monday, pricing a five year deal with the tightest spread in at least three years for any covered bond issuer outside of Germany.

The issuer was coming back to the market in euros after a five month absence, and it simultaneously mandated and opened books for a new five year. It is a regular issuer in the covered bond market, having launched three benchmark foreign currency denominated covered bonds in 2012 ...

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