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Morgan Stanley notches up new Nordic deal

Morgan Stanley has led its second equity offering in the Nordic region in less than a fortnight after it was picked to manage the Ikr50bn (€544m) share sale of Icelandic lender Kaupthing Bank.

Morgan Stanley placed 66 million Kaupthing shares, alongside co-manager Citigroup, at Ikr750 per share, raising Ikr49.5bn.

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