DNB grabs last minute funding with tight dollar print

DNB_Bank_Alamy_230x150_261119
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 ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.