Another Green deal has been done 🤝 Stadshypotek AB, Handelsbanken's wholly owned mortgage arm, made a return to the SEK Green covered bond market yesterday, as it issued a second Green bond in its home currency. In a SEK market beginning to slow down, a new Green bond from Stadshypotek was welcomed by the market. With investor orders that peaked just over SEK 10 billion, Stadshypotek was able to tighten the spread from an initial guidance of 35/37bp over mid-swaps, down to a final outcome of 34bp. Compared to the conventional Stadshypotek curve, the so-called greenium or saving amounted to 5 basis points, a very strong outcome in today's markets. "In Handelsbanken, we recognise the opportunity to support our customers in their sustainable transition in various ways. Channeling green lending to customers by issuing green bonds is an important part of this work and we are very happy to continue with yet another issuance", says Catharina Belfrage Sahlstrand, Handelsbanken's Chief Sustainability Officer.
Good to see this initiative 👏
Snyggt!
Branch Manager - Handelsbanken Coventry - Banking & Wealth Management
1wBrilliant to see the market endorsing our green credentials again! Well done to all involved 👏🌱🌱