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FI CommentStadshypotek to introduce a new SEK-covered bond

  1. Stadshypotek will introduce 1589
  2. The coupon is 1.5%; ISIN SE0011643386
  3. Pricing at 16.5-17bp over swap, matched maturity
Stadshypotek introduces 1589
Stadshypotek is scheduled to introduce 1589 in the near future depending on market conditions. The first possible issue date is Tuesday, June 11. The bond will be issued under the issuer’s SEK benchmark programme. It will mature on December 3, 2024, so it will have a maturity at issue of about five-and-a-half years. The coupon is set at 1.5%. The new bond will be introduced with the ambition to reach benchmark status (SEK 5bn) during the first trading day.
Pricing at 16.5-17bp over swap, matched maturity
The 1589 will have the second longest maturity on the benchmark curve. We estimate the 1589 to be priced at 16.5-17bp over swap, matched maturity. Pricing is based on market conditions as of June 10.

Disclaimer

Kiran Sakaria

Junior Strategist

Foreign Exchange and Fixed Income

kisa02@handelsbanken.se

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