The recent redemption of a Norwegian government bond has led to an increase in Nordic currency issuance this week, according to one MTN banker. The European Investment Bank and KfW tapped these released funds to raise a combined Nkr1.5bn ($171.2m).
The European Investment Bank reopened its 1.5% May 2022 bond for Nkr500m on Tuesday, taking the amount outstanding to Nkr9.55bn. TD Securities ran the deal. The issue price was not disclosed.
KfWtapped its 1.125% May 2022 bond for Nkr1bn on Monday, taking the amount outstanding to Nkr1.75bn. DNB