Nordea aims at ‘sweet spot’ for tight floater

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Nordea aims at ‘sweet spot’ for tight floater

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STOCKHOLM 2017-10-26 Nordea bank headoffice during the presentation of the financial report at the banks head office in Stockholm Sweden on Thursday. Nordea is cutting 6 000 jobs world wide. Foto: Jessica Gow / TT kod 10070 | Jessica Gow/TT/TT News Agency/Press Association Images

Nordea Bank issued a four year floating rate deal on Wednesday, in the first unsecured trade from a Swedish bank since the country’s regulator laid out institutions’ needs for the minimum requirement for own funds and eligible liabilities (MREL).

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