ICO gets tight result with five year dollar
The only dollar issuer on the map so far this week is Spain’s Instituto de Crédito Oficial, with an oversubscribed $1.5bn-plus five year bond, priced at the tight end of guidance. Bankers hope the good market conditions will hold out for the International Finance Corp’s $1bn five year global, due next week, reportedly via JP Morgan and Nomura. Read Friday’s EuroWeek for the ins and outs of the Eksportfinans transaction and all this week’s deals.
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