BNG plays medium term game as steepening krone curve adds to its allure

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BNG plays medium term game as steepening krone curve adds to its allure

Bank Nederlandse Gemeenten (BNG) sold two privately placed taps in Norwegian krone as an interest rate cut from the Norwegian central bank steepened the curve and intensified investor demand for the currency in medium tenors. The trades also cemented BNG’s popularity as an issuer for yield-hungry investors looking to diversify into niche currencies.

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