Nordics
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Supranational now has Nkr7bn of labelled debt in Nokkies -
Norwegian bank has ample capital though that ratio may fall if regulator allows AT1 and tier two to be counted towards Pillar 2R requirements
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Senior bond flies, notching tightest spread and concession for weeks
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Oversubscribed deal is the biggest of a steady flow of transactions
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Finnish agency calls in on euros, knocks on Nokkie and floats into dollars
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Investors’ views split on transparency of use of proceeds bonds tied to sustainability-linked loan portfolio
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The $150m loan is expected to be launched to the market in mid-October
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Bankers were pleased the local market could absorb such a size at a longer tenor
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The sovereign will be able to price within where it might in dollars
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Shareholders left empty-handed can curb dilution through repair issue
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Wide spreads and unstable market conditions disturb banks’ funding plans
