Yankees continue front-end frenzy as Citi holds firm

By EuroWeek Reporter 1
03 Apr 2014

Deutsche Bank and Nordea this week exploited the continuing strong demand for European bank paper in the US as Yankee FIG issuance recorded its biggest month in more than three years.

Nordea made its first foray to the senior dollar market since May 2013 on Monday, and its relative scarcity ensured a warm reception, with order-books topping $5bn as investors weighed in from across the globe for the $2.25bn three tranche offering.

Nordea Bank, rated Aa3/AA-, targeted the front ...

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