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2026-05-27 20:19:01
[Swedish mortgage lender issues 6 billion SEK green-covered bonds with a coupon rate of 2.783%, Aaa rating, 5 times oversubscribed] ⑴ SHUPERTEK, a Swedish company, priced 6 billion SEK in 5-year fixed-rate green-covered bonds on Wednesday. The coupon rate is 2.783%, payable on a 30/360-day basis, with an issue price of 100.00 and a spread of the swap rate plus 25 basis points. The settlement date is June 3, 2026, and the maturity date is June 3, 2031. It has a soft-bullet structure with an extended maturity date of June 3, 2032. ⑵ The bonds are backed by high-quality Swedish residential mortgage loans and are included in SHUPERTEK's Swedish Covered Bond Benchmark Scheme. They are expected to receive an Aaa rating from Moody's. The bonds will be listed on the Nasdaq Stockholm Sustainable Bonds List and are subject to Swedish law. Danske Bank, Svenska Bank, and Sveriges Riksbank are the joint lead managers. ⑶ The issuer, SHUPERTEK, is wholly owned by Svenska Bank. The target market is limited to qualified counterparties and professional clients, and no PRIIPs key information document has been prepared. The bond issuance is pending approval from the Swedish Financial Services Authority.
