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FI CommentStadshypotek to introduce a new SEK covered bond

  1. Stadshypotek will introduce SHYP1588
  2. The coupon is 1.5%; ISIN SE0011063015
  3. Pricing 22.5-23.5bp over swap, matched maturity
Stadshypotek will introduce SHYP1588
Stadshypotek will in the near future (depending on market conditions) introduce a new SEK-denominated covered bond. This bond will be introduced with the ambition to reach benchmark status (SEK 5bn).
The coupon is 1.5%; ISIN SE0011063015
Stadshypotek will introduce SHYP1588 with a coupon of 1.5% in the near future given appropriate market conditions. Maturity is March 1, 2024, so it is about 5.5 years' maturity at issue.
Pricing 22.5-23.5bp over swap, matched maturity
We estimate the SHYP1588 to be priced at 22.5-23.5bp over swap, matched maturity. Pricing is based on market conditions as of September 14. SHYP1588 will have the longest maturity on the benchmark curve.

Disclaimer

Kiran Sakaria

Junior Strategist

Foreign Exchange and Fixed Income

kisa02@handelsbanken.se

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