Nordic SSAs blast past Eksport setback to reclaim elite status
Top Nordic credits left the Eksportfinans affair looking like a distant memory this week as Kommunalbanken’s blowout deal on Wednesday re-opened the dollar market for agencies with implicit guarantees and crowned a landmark week for the region’s public sector borrowers.
Following a Nordic Investment Bank five year that was heavily oversubscribed despite pricing at or through its curve, KBNs issue set the seal on a Scandinavian renaissance that also included a rare 15 year euro deal for Finland and a sterling debut from Municipality Finance.
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