SSA pair look to Scandinavia

Nordic flags 230x150 AS
By Frank Jackman
15 Apr 2021

Norwegian krone SSA supply is outpacing Swedish kronor so far this year, driven in part by a demand for zero risk weighted assets in the market. Among the latest names to access the Norwegian market is the African Development Bank, which sold a new social bond as part of a dual-currency issue.

Offshore SSAs have placed $2.8bn equivalent in Nokkie year-to-date, compared to $1.4bn equivalent in Swedish kronor, according to Dealogic.

Last year, the roles were reversed, as the Swedish market enjoyed a record $7.7bn worth of SSA deals, outstripping Norway's $5.9bn equivalent.

“Interest rates in Nokkie have helped make a difference,” ...

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