Issuers play to domestic investors during FX horror show
Currency plays have fallen victim to the global financial rout, but there have still been several niche currency bonds issued to domestic investors this week. ICO took Norwegian crown this morning and the Kauri market is alive, with New Zealand dollar issues from Kommunalbanken Norway and Rentenbank. Also on Friday (October 3) there was a rare high yield Romanian leu issue from the World Bank. Read EuroWeek on Friday to see how the market digests these trades and whether other issuers find another chance to dart through a window.
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