Nokkie double for MuniFin

Norway_Oslo_city_Adobe_575x375_Dec9.jpg
By Frank Jackman
12 Jan 2021

Finland’s Municipality Finance has had a busy week in the Norwegian krone market, as demand from domestic bank treasuries for high quality liquid assets (HQLA) drove a pair of floating rate notes in the currency.

Muni Fin tapped its January 2025 floater for Nkr2.1bn ($246.2m) on Monday to take the amount outstanding to Nkr4bn. The bond pays a coupon of three month Nibor plus 125bp. Nordea ran the deal. The tap price was not disclosed.

Last week, it sold a new Nkr2bn ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial