World Bank Launches Norwegian Krone Eurobond
Washington, DC, October 10, 2001 — Today, the World Bank launched a Norwegian Krone deal: a NOK 400 million issue with a 6% coupon that is due February 7, 2005. Deutsche Bank was the lead manager of the transaction. The syndicate also included Banque et Caisse d'Epargne de l'Etat, Danske Bank, ING Barings/BBL, and Rabobank.
The Norwegian Krone issue was mainly driven by demand from European retail investors seeking yield pick-up opportunities available in the NOK market over the EUR market. This Eurobond will clear through Euroclear and Clearstream and will be listed in Luxembourg. Payment date is November 7, 2001.
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