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GC Asia
Luminor targets short end in storming return to euros
Luminor Bank was more than 3-1/2 times subscribed on its return to the euro market on Wednesday, allowing it to demonstrate a year-on-year improvement in its senior funding costs.
The Estonian bank, which operates across the Baltic region, opened order books for a €300m four year non-call three senior bond after a day of calls with investors.
Bookrunners JP Morgan, LBBW, Luminor Markets and Nordea started the pricing in the 160bp area over mid-swaps, which an ...Already a subscriber? Login
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