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GC Asia
Europeans drive NWB’s rare Nokkie comeback
Nederlandse Waterschapsbank (NWB) issued its second ever public Norwegian krone deal on Monday — a Nkr650m 3.375% five year Eurobond — in what has been a dormant sector for supranational and agency borrowers this month despite an issuance frenzy in February.
Market participants attribute a quieter SSA Norwegian krone market in March to investors needing time to digest previous floods of supply. Some buyers have also remained on the sidelines on the back of profits they gained after the Norwegian government announced a cut in base rates from 1.75%
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