Milestone issuance for KBN
On Tuesday 9th June, KBN successfully priced a new USD 1.5 billion 10-year benchmark. This is the first 10-year issuance since 2015.
The transaction received significant demand with the orderbook finishing in excess of USD 2.9 billion, one of KBN’s largest ever in the USD market.
"A great result, an orderbook of close to USD 3bn on a 10y trade is a milestone for KBN in the USD market solidifying Norway and KBN’s broad and diversified investor appeal." says Thomas Møller, Head of Funding & IR at KBN.
Over 76 investors participated in this deal. Central banks and official institutions from across the globe represented the bulk of the demand, receiving 53% of the final allocations. Investors in the EMEAs were dominant at 58%, followed by investors in Americas at 28% and the APAC region (14%).