NIB prices flat, JBIC lines up for in-demand dollars

By Mike Turner
15 May 2019

Nordic Investment Bank funding officials considered printing its $1bn bond this week inside its curve before deciding against the ruse in order to support secondary trading, with Japan Bank of International Co-operation next in line to test the vast demand for five year dollar bonds.

The triple-A rated borrower name printed its Tuesday deal at 6bp over mid-swaps, which Jens Hellerup, head of funding at NIB, saw as flat to the curve.

“The discussion was whether we should price at 6bp or at 5bp based on a final order book of more than $2.2bn,” ...

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