KBN and L-Bank prep dollar benchmarks

By Burhan Khadbai
30 Nov 2020

Kommunalbanken and L-Bank will each bring a dollar benchmark to the market on Tuesday, in what could be the final public SSA deals in the currency this year.

KBN’s leads Citi, HSBC, NatWest Markets and Nomura are taking indications of interest for a December 2023 dollar benchmark with initial price thoughts of mid-swaps plus 6bp area.

It will be KBN’s first dollar benchmark with a three year maturity since January 2019.

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