Engorged investors look to banking exotica for diversity

09 Jun 2011

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 ...

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