Eksportfinans sparkles with strategic bond as triple-As rush to US$ market

24 Oct 2002

Eksportfinans this week capitalised on increased demand for dollar assets generated by the sell-off in the Treasury market, and enjoyed a warm reception for its $750m five year Eurodollar bond, lead managed by Citigroup/SSSB, Nomura and UBS Warburg.

The Norwegian export credit agency was joined this week by other triple-A issuers - BNG, ADB and IADB - which launched opportunistic dollar bonds, taking advantage of the more favourable yield environment and the increased interest for product, particularly from the Asian central bank community. But Eksportfinans's transaction ...

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