Scandie SSA issuers plump for short dated dollars

By Lewis McLellan
27 Oct 2020

Supply in the SSA dollar market is clustered at the short end of the curve, as borrowers focus on defensive tenors ahead of the upcoming US election. Kommuninvest landed a sizeable benchmark on Tuesday, while Kommunalbanken will follow suit on Wednesday.

Kommunalbanken has selected HSBC, NatWest Markets and Nomura to run the books for a $500m two year benchmark with Reg S/144A documentation. The leads have offered initial price thoughts of mid-swaps plus 4bp area.

The Norwegian borrower will come to market on the heels of ...

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