World Bank brings rarity to Nokkie market
Global institutional demand for solid sovereign, supranational and agency names in Norwegian kroner drove the World Bank’s first new issue in the currency for 11 months — a Nkr1bn 2.375% 2017 note priced on Wednesday.
European and Asian central banks participation in Norwegian krone SSA deals peaked in 2011 when the Eurozone sovereign crisis was in full swing and the strength of the Norwegian krone made it an attractive new reserve currency.
"Investors are looking for new ideas seeing that were still early in
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