Defiant BNG and L-Bank aim to disprove doubters

Bank Nederlandse Gemeenten (BNG) on Wednesday set out to defy bankers that had said last week that a Dutch name might struggle to print a deal even if their credit quality was impeccable. The argument had been that investors preferred very liquid issuers, but BNG — and L-Bank, which has also launched a deal — has been emboldened by other names in the market, including the World Bank and German names.