Punchy Nykredit declines to pay up on senior return
Nykredit Bank returned to the senior euro market after an absence of 18 months this week, pricing a Eu500m three year FRN via Barclays Capital, Nykredit Markets and UniCredit. The deal marked the borrower’s first appearance in the sector since a Eu300m issue a week before Lehman Brothers’ bankruptcy in 2008.
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