Avinor lands Nkr2bn deal in turbulent Nokkie market

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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