Nordic Investment Bank NIB
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Finnish banker raised the funding profile of Nordic Investment Bank
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Strong outing from supra despite swap-spread vol
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Both names drew large oversubscriptions despite bringing similar trades
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Another Nordic issuer also appeared in euros for the first time in 2024
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Nordic Investment Bank looking to raise €8bn-€9.5bn to meet larger maturities in 2025
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NIB lands tight pricing as IADB goes long
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Bank’s debut to reach beyond FIG market as SSAs consider copycat bonds
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Both supply and demand are on the rise to support more long-dated paper
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Quality name and tenor drove demand as French agency snaps up Sfr275m
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Swiss francs offer attractive alternative to shrinking private placement market
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Big issuer expected to bring short dated deal but sovereigns and supras will stick to euros next week
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Market can expect shorter dated deals with limited new issue concessions as European Union taps longer as usual