Nokkie offers chances in EM

Slovakia Flag Correct
By Nathan Collins
27 Mar 2014

Emerging market sovereigns could take a close look at the Norwegian kroner market in the near future, according to syndicate bankers. The Slovak Republic recently sold its debut deal in the currency, a Nkr3.4bn ($562.8m) dual tranche trade.

“It makes an awful lot of sense for other issuers to be looking at the Norwegian krone,” said a syndicate manager involved in the deal. “There’s arbitrage and a good chance for diversification. The only downside is that the investor base isn’t very deep and can be very ...

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