DNB Bank diversifies into sterling with short senior print

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By David Freitas
05 Dec 2019

DNB Bank made the most of a favourable backdrop in the financial institutions bond market this week, selling a short-dated senior bond in sterling after recent prints in euros and dollars.

DNB Bank opened books on a benchmark 3.5 year senior bond in the sterling market on Thursday morning.

It chose Deutsche Bank, RBC Capital Markets and TD Securities to act as bookrunners and they started out with price thoughts of 90bp area over Gilts.

By late ...

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