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
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AfDB and NIB managed to find success in the primary market this week but other issuers chose to wait
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Last week's EBRD deal helped provide clarity on development bank's levels
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Issuers are expected to price deals before inflation data and jobs reports, and the Fed’s next meeting
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The issuer decided to move early and built a healthy order book
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Canadian issuer takes supply above £3bn for the year with fresh deal in currency to follow on Tuesday
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Nordic agency surpasses expectations in first transaction in the currency this year
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The Nordic agency is also contemplating a local currency green bond
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Both issuers needed to settle for static spreads that offered chunky concessions
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Issuer followed trio of FIG borrowers into the market after day of jeopardy for UK government
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Supranational reopens SSA Kangaroo with short dated deal
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Supra borrower set to reopen SSA Kangaroo market