Nordic Investment Bank NIB

The Norwegian krone market hosted a series of deals this week, both domestic and in Eurobond format, as momentum picked up after the summer calm. Kommuninvest, Kommunalbanken (KBN) and the Nordic Investment Bank (NIB) all tapped this sector.

Nordic Investment Bank (NIB) issued a new 20 year Swedish Krona bond on Tuesday, answering cash rich investors desperate to invest. However, bankers do not expect many SSA borrowers to answer the plea for new bonds.

Hurrah! So the EIB, the one borrower that’s been put in the corner for most of the year, finally managed to tap the Kangaroo market this week. This is a positive sign for not just the EIB but for European SSAs in general but one mustn’t forget the mid-part of the curve still remains a no-go area for the EIB.

Nordic Investment Bank (NIB) priced a Nkr1bn ($.13bn) five year on Tuesday. However, SSA issuance in the currency has depleted this year as investor have chased yields moving from supranational to corporate issuers.

The Nordic Investment Bank printed a rare MTN denominated in Argentine pesos this week, as investors searched for yield from safe borrowers amid uncertainty.