By Rebecca Melvin
New York, Sept. 15 – SpareBank 1 Boligkreditt AS priced €1 billion 0.01% green, seven-year covered bonds (expected rating Aaa//) at 102.046 to yield negative 0.279%, or mid-swaps plus seven basis points, according to a market source on Tuesday.
Pricing of the Regulation S deal was at the tight end of revised guidance of pricing at mid-swaps plus eight bps area.
The proceeds will be for eligible green projects.
The managers of the deal were Barclays, BNP Paribas, Swedbank and UniCredit.
SpareBank is a specialized credit institution based in Stavanger, Norway.
| Issuer: | SpareBank 1 Boligkreditt AS
|
| Issue: | Green covered bonds
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| Amount: | €1 billion
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| Maturity: | Seven years
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| Managers: | Barclays, BNP Paribas, Swedbank and UniCredit
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| Coupon: | 0.01%
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| Price: | 102.046
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| Yield: | Negative 0.279%
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| Spread: | Mid-swaps plus 7 bps
|
| Talk: | Guidance revised to mid-swaps plus 8 bps area
|
| Pricing date: | Sept. 15
|
| Settlement: | Sept. 22
|
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