KBN hits new heights in superlative sterling mart

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KBN hits new heights in superlative sterling mart

Norway_flag_Fotolia_230x150
Car ferry in Norway and norvegian flag | Anastasiya Kotelnyk/kotelnyk - Fotolia

Kommunalbanken added to a stellar start to the year for sterling with a £350m trade — its largest ever trade in the currency. Cross currency basis swap levels meant the borrower capped the size of its deal despite building a nearly £550m book, according to leads — suggesting excess demand for other SSAs to tap this week.

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