DNB grabs last minute funding with tight dollar print

By Tyler Davies
26 Nov 2019

DNB Bank did not require a premium to raise $2bn of short dated senior funding at the beginning of the week, as it swooped into the market ahead of the US Thanksgiving holiday.

The Norwegian lender sold a $1.4bn three year senior bond at a spread of 58bp over US Treasuries on Monday, having tightened from initial price thoughts in the 70bp area.

It also priced a $600m three year floating rate note at the Libor equivalent, which worked out as ...

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