The Swedish know their schnapps

The great and the good and all those in between of the Nordic loan market descended on Stockholm last Thursday for Svenska Handelsbanken’s annual crayfish party. Loan Ranger also managed to get an invite to this shindig that has become steeped in loan market legend. Would the schnapps flow as freely as rumour had it? Would there really be as much singing as people claimed? What is a crayfish, anyway?