Nokkie double for MuniFin

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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 ...

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