KBN shows way with euro debut as issuers tighten pricing screw

By Craig McGlashan
03 Apr 2014

An impressive euro benchmark debut for Kommunalbanken that left bankers running out of superlatives should be a “blueprint” for other top-rated issuers looking to enter the market, according to a head of SSA DCM.

The €1bn April 2019 deal came in a week where almost every euro benchmark was priced at the tight end of guidance, leaving conditions ripe for other issuers to look at the market. But only one of the European Financial Stability Facility or European Stability Mechanism is expected ...

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