KfW back in recovering Nokkie mart

By Silas Brown
29 Aug 2017

KfW returned to the Norwegian krone market on Tuesday, increasing a two year Nokkie line by Nkr500m ($64.7m). International buyers are returning to the currency, largely as a consequence of stabilising oil prices. But bankers are sceptical that issuance levels will return to the heights reached before the collapse of Brent crude prices.

Danske Bank priced the tap of the 0.875% November 2019 at 31bp over mid-swaps, to yield 0.77%. This was in line with where the outstanding bonds were trading in secondaries.

The selection of a

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