BIL makes Scandie debut as MTN desks chase unusual deals

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By Frank Jackman
27 Jan 2021

Banque Internationale à Luxembourg (BIL) ventured into the Swedish and Norwegian markets for the first time this week. With many of Europe's big banks absent from the MTN market this year, dealers are instead chasing more unusual deals from rarer names.

“The big European banks don’t need liquidity thanks to the various European Central Bank schemes — they need capital, MREL and TLAC deals, which they’re opting to do in the public markets,” said one MTN banker, away from the week’s deals.

“As a result, the window left for ...

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