Engorged investors look to banking exotica for diversity
Rarer names shone this week as investors looked to find new borrowers to buy. Banks such as Emirates NBD and Sparebank 1 Nord Norge were among those to issue.
"Investors have got full on so many lines that they are having to look outside the traditional areas," said a London MTN dealer. "People are desperate for new names."
Emirates NBD increased its June 2013 puttable 20-fold through Commerzbank this week. It originally sold the $10m deal on May ...Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: subs@globalcapital.com
Or sign up for a trial to gain full access to the entire site for a limited period.
Corporate access
To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.
