Swiss franc buyers snap up rare Norwegian senior

By GlobalCapital
13 Nov 2014

Swiss franc investors took advantage of a rare opportunity to buy Norwegian senior unsecured financial paper this week when Sparebanken Nord-Norge made its debut in the currency.

The A2/A rated borrower sold a Sfr125m ($130m) five year deal on Tuesday via Commerzbank and UBS.

The transaction was priced at 59bp over mid-swaps, at the tight end of guidance of 60bp area. That was in line with the pre-announcement price of 55bp on the only other ...

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