Avinor lands Nkr2bn deal in turbulent Nokkie market

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By Frank Jackman
23 Apr 2020

The oil price slump on Monday spelt trouble for issuers in the already underperforming Norwegian krone bond market. Amid this turbulence, state-owned Norwegian airport operator Avinor flew in on Wednesday to print a Nkr2bn ($187.8m) dual floating and fixed tranche deal.

The corporate raised Nk1bn on a six year floater, which pays a coupon of 120bp of Nibor, and Nkr1bn on the 2.38% 11 year leg. Joint leads Danske Bank, DNB Markets, Nordea and SEB priced both tranches at par.

Moody’s placed Avinor under review for ...

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