Ontario taps Norwegian krone demand
Province of Ontario sold a Nkr500m note on Tuesday –– its first Norwegian krone issue since a spate of deals in the currency in the summer. Volatility on the swap between kroner and euros, coupled with tight spreads on domestic Norwegian government bonds, make issuance into the country attractive for treasuries and investors alike. Is the Norwegian krone back in fashion in the debt markets? Read EuroWeek this week to find out.
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