NIB uses two-way CSA to tap niche currency demand

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By Lewis McLellan
14 Sep 2017

Nordic Investment Bank is now using two-way credit support annexes for 85% of its outstanding swaps, allowing the supranational to take advantage of hot demand for emerging market currency MTNs.

“Emerging market currency deals over the past couple of months have worked quite well and have been good all year,” said Jens Hellerup, NIB’s head of funding and investor relations. “One reason for that is we have moved to two-way CSAs, so banks are happy to do the ...

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