Norway's central bank to complete bond syndication Thursday or Friday

OSLO: The Norwegian central bank's inaugural syndicated 10-year benchmark bond issue will likely be concluded on April 19 or April 20, it said on Thursday.

Volumes in the auction will be influenced by investor demand, and the price guidance is set to a level 25-27 basis points below the 10-year swap rate, the central bank added.

Settlement will take place on April 26, and the bond matures on the same date in 2028.

Nordea Markets, one of the banks mandated to lead the transaction, separately said it expected a syndication volume of 8 billion to 10 billion Norwegian crowns ($1.03 billion-$1.29 billion).