Eika Boligkreditt closes covered gap to DNB

tight pricing
By Bill Thornhill
21 Nov 2017

Eika Boligkreditt closed the pricing gap to Norway’s national champion, DNB Boligkreditt, with a €500m seven year covered bond issued on Tuesday. At the same time Finland’s Oma Savings Bank mandated leads to market its inaugural deal.

After mandating Crédit Agricole, Danske Bank, NatixisNordea and UniCredit on Monday, Eika Boligkreditt opened books for a €500m no-grow February 2025 at 3bp through mid-swaps area on Tuesday.

After 90 minutes orders rose to €800m and the spread was revised to 5bp through. After approximately two and a half ...

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