Nykredit taps sevens for bail-in debt

Nykredit Realkredit opted to tap the seven year point of the curve on Monday as it issued senior non-preferred debt ahead of a deadline for regulatory debt buffers in 2022.
The Danish firm opened books for the new January 2028 deal through BNP Paribas, Erste, JP Morgan, Natixis and its own investment banking arm on Monday morning.
The bookrunners kicked off the pricing process with initial thoughts in the mid-swaps plus 90bp area.
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