NWB targets five to 10 years as Asian investors bite
Asian investors have stepped up their demand for Nederlandse Waterschapsbank paper, a trend seen in some agencies’ benchmark trades and one which allowed the borrower to sell a seven year MTN to an institutional buyer in the region on Monday.
NWB sold the $150m seven year note through Jefferies on Monday. The note was priced at par and pays a coupon of 2.55%.
"Demand from Asian investors has actually increased as we have seen from our recent five year dollar and euro benchmarks," said Tom Meuwissen, general manager
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: firstname.lastname@example.org
To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: email@example.com or find out more online here.