Svenska draws strong domestic bid on Kanga debut

By Nathan Collins
03 Apr 2014

Svenska Handelsbanken sold its debut Kangaroo bond on Wednesday morning, the first senior unsecured note in the format out of Scandinavia. Strong demand for the print could encourage deals from other Nordic issuers, according to bankers involved with the deal.

Commonwealth Bank of Australia, HSBC, JP Morgan and National Australia Bank priced a A$450m ($416.6m) five year fixed rate tranche at 95bp over mid-swaps, tight of the 100bp area guidance.

The leads also sold a A$200m floating rate tranche of the same tenor at par. The bonds carry ...

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