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SVB’s 2033 Bond Spread Widens to 1,061 Bps, Signaling Distress

March 10, 2023, 2:49 PM UTC
Josyana Joshua
Josyana Joshua
Bloomberg Editorial

The spread on SVB Financial Group’s 4.570% bond due April 2033 widened to 1,061 basis points, according to Trace data, a level that signals distress for the debt.

--With assistance from James Crombie.

To contact the reporter on this story:
Josyana Joshua in New York at jjoshua7@bloomberg.net

To contact the editors responsible for this story:
Nina Trentmann at ntrentmannma@bloomberg.net

Allan Lopez

© 2023 Bloomberg L.P. All rights reserved. Used with permission.

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