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FINANCIALS: Handelsbanken - New Issue - 3y Sr Pref FRN, 7yr Sr Perf - FV

FINANCIALS

3y FRN , 7y

  • IPT: mE+65, IPT: MS+90
  • FV: mE+33 , FV: MS+65 - 5bps inside the SEB 3% 2032 . The SHBASS curve would look meaningfully steeper if the SHBASS 0.05% 2028 was trading closer to par. The SHBASS 2.625% 2029 still looks to trade with some green premium.
  • Exp. Ratings: Aa2/AA-/AA+

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3y FRN , 7y

  • IPT: mE+65, IPT: MS+90
  • FV: mE+33 , FV: MS+65 - 5bps inside the SEB 3% 2032 . The SHBASS curve would look meaningfully steeper if the SHBASS 0.05% 2028 was trading closer to par. The SHBASS 2.625% 2029 still looks to trade with some green premium.
  • Exp. Ratings: Aa2/AA-/AA+