OeKB sells Nokkie sustainable debut as dollar conditions sour

By Frank Jackman
24 Mar 2021

Oesterreichische Kontrollbank (OeKB) debuted its sustainability framework in Norwegian kroner this week. With dollar swap spreads compressed, opportunities are opening for competitive funding in other, more niche markets.

The 10 year dollar swap closed at 0.2bp on Tuesday, 7.6bp tighter than one month earlier, according to data from ING.

“With the dollar swap spread so compressed, I don’t think dollar funding conditions are too favourable,” said one DCM banker.

Rentenbank’s recent five year dollar deal, ...

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