Iraqi crisis drives investors into Finland’s record issue

14 Feb 2003

The Republic of Finland launched the largest ever single tranche fixed rate euro denominated bond this week, a Eu6.5bn syndicated three year government bond led by ABN Amro, Deutsche Bank, Merrill Lynch and Nordea.

The transaction eclipses the 2013 transaction Finland launched in April 2002, which also totalled Eu6.5bn, but which included a Eu500m tranche retained by the Finnish state treasury for its own repo facility. By the time the new three year issue was priced on Wednesday, over Eu12bn of orders ...

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