Finland smashes book record with positive-yielding 16 year

Finland Fotolia 230x150
By Burhan Khadbai
04 Feb 2020

Finland received record demand for its first syndication of the year on Tuesday. The sovereign was joined in the long end of the curve by the State of North Rhine Westphalia as it tapped its February 2038s.

Following the mandate announcement on Monday, leads Bank of America, Citi, Danske Bank, JP Morgan and Nordea began taking indications of interest for Finland's 16 year on Tuesday morning with initial price thoughts of mid-swaps minus 9bp area.

After receiving over €13.75bn of ...

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