February 04, 2025 09:40 GMT
NORWAY: New 10-year NGB Mandate
NORWAY
"The Kingdom of Norway, rated Aaa/AAA/AAA (all Stable) by Moody's/S&P/Fitch, has mandated Danske Bank, DNB Markets, Nordea and SEB to lead manage its forthcoming long 10-year (due 12 June 2035), fixed rate, NOK-denominated, RegS/144a format, syndicated benchmark Norwegian Government Bond (NGB) transaction. The transaction will be launched in the near future, subject to market conditions; FCA/ICMA Stabilisation" (Source: BBG)
- Norges Bank's 2025 borrowing plan noted that a new 10-year bond would be launched via syndication in February. From the plan: "The aim is an issuance volume of between NOK 20bn and NOK 25bn. In addition, NOK 4bn will be issued to the government’s own stock. The new bond will be reopened at auction."
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