Busy week for niche bankers

Niche currency deals returned this week as KfW and Rabobank picked up Turkish liras and Norwegian kroner. KfW tapped its May 2015 and its May 2012 Norwegian kroner deals for Nkr300m and Nkr250m respectively, and Rabobank issued Nkr750m of May 2013s to cater to retail investors. National Australia Bank, meanwhile, raised A$100m of four year paper yesterday, the first unguaranteed Australian financial Eurobond of the year following heavy issuance in the domestic market. Start of a new trend? Read EuroWeek on Friday.