KBN makes impressive return to euros

By Burhan Khadbai
17 Oct 2019

Kommunalbanken was almost twice covered for its 10 year euro trade on Thursday as it returned for its first benchmark in the currency since 2017.

Following the mandate announcement on Wednesday, leads BNP Paribas, Danske Bank, Deutsche Bank and HSBC opened the books on Thursday morning with guidance of mid-swaps plus 8bp area.

As the books reached over €1.6bn, the guidance was revised to plus 7bp area with the ...

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