Samhallsbyggnadsbolaget I Norden AB (SBBBSS) 2020-1

CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
EUR500.000----BBBBFixedSwaps3.25% a2.75% a271.42.62%-100.00000
Tranche Comments
P NC5.25: Book size: 2700; Registration: Reg S Only; Comments: EUR500m wng PNC5.25 hybrid (5yr reset, +25bp 2030, 75bp 2045). Short 1st. BB/BB. Citi/Danske/DB(B&D)/JPM/Nordea. IPTs 3.25% area, guide 2.75% (+/-12.5 wpir), launch 2.625% on bks 2.7bn (peak >2.9bn). 3mPC. Initial/reset MS+271.4 / B+318.6 vs 0.5% 2/25 @105.45.;
Deal Comments
Hybrid bond