Nordic Investment Bank launches $1.5 billion three-year notes at mid-swaps plus 13 bps

By Cristal Cody

Tupelo, Miss., May 13 – Nordic Investment Bank launched an upsized $1.5 billion of three-year global notes on Wednesday at mid-swaps plus 13 basis points, according to a market source.

Initial price talk was in the mid-swaps plus 15 bps area.

The deal has been upsized from $1 billion.

Barclays, Nomura International plc, RBC Capital Markets, LLC and TD Securities (USA) LLC are the lead managers.

Nordic Investment Bank is an international financial institution owned by Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway and Sweden.

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