Swedbank exploits bank bid for super seven year

By Bill Thornhill
15 May 2014

Swedbank priced the tightest non-German euro seven year benchmark covered bond in over five years on Wednesday and paid virtually no new issue premium.

The Swedish bank priced a €1bn seven year at 8bp over mid-swaps after attracting more than €2.2bn demand from over 100 investors for its inaugural deal of this year.

Danske Bank, Natixis, RBS, UniCredit and Swedbank were mandated on Tuesday, and immediately received a swell of initial ...

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