New Issue: Bank Nederlandse sells $1.75 billion 1.25% three-year notes at mid-swaps plus 29 bps

By Aleesia Forni

Virginia Beach, Oct. 20 – Bank Nederlandse Gemeenten NV priced $1.75 billion of 1.25% three-year notes (Aaa/AA+) at mid-swaps plus 29 basis points on Tuesday, according to a market source.

The issue was sold at the tight end of guidance set in the mid-swaps plus 30 bps area.

The bookrunners for the Rule 144A and Regulation S deal are Morgan Stanley & Co. LLC, Nomura, RBC Capital Markets LLC and TD Securities.

The local government funding agency is based in the Hague, the Netherlands.

Issuer:	Bank Nederlandse Gemeenten NV
Amount:	$1.75 billion
Description:	Notes
Maturity:	Oct. 29, 2018
Bookrunners:	Morgan Stanley & Co. LLC, Nomura, RBC Capital Markets LLC, TD Securities
Coupon:	1.25%
Spread:	Mid-swaps plus 29 bps
Trade date:	Oct. 20
Ratings:	Moody’s: Aaa
	Standard & Poor’s: AA+
Distribution:	Rule 144A, Regulation S
Price guidance:	Mid-swaps plus 30 bps area

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