NRW notches Norwegian return in brisk week

Another week of abundant supply in the government debt-deprived Norwegian krone market shrugged off Thursday’s Ascension Day holiday. Underwriters amassed Nkr3.2bn ($519m) of new issues by Wednesday, with deals including North Rhine-Westphalia’s first appearance in the market for three years.

14 May 2010
NRW’s Nkr750m four year at 122bp above the government three year on Wednesday marked the first German Land issue in the currency this year, though krone buyers have considerable exposure to German sovereign credit through KfW, the sector’s largest issuer this year — ahead even of the Norwegian ...

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