By Cristal Cody
Tupelo, Miss., May 13 – Nordic Investment Bank priced an upsized $1.5 billion of 0.375% three-year global notes (Aaa/AAA) on Wednesday at 99.997 and a spread of mid-swaps plus 13 basis points, according to a market source and an FWP filing with the Securities and Exchange Commission.
Initial price talk was in the mid-swaps plus 15 bps area.
The deal was upsized from $1 billion.
Barclays, Nomura International plc, RBC Capital Markets, LLC and TD Securities (USA) LLC were the lead managers.
Nordic Investment Bank is an international financial institution owned by Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway and Sweden.
| Issuer: | Nordic Investment Bank
|
| Amount: | $1.5 billion
|
| Description: | Global notes
|
| Maturity: | May 19, 2023
|
| Bookrunners: | Barclays, Nomura International plc, RBC Capital Markets, LLC and TD Securities (USA) LLC
|
| Coupon: | 0.375%
|
| Price: | 99.997
|
| Spread: | Mid-swaps plus 13 bps
|
| Trade date: | May 13
|
| Settlement date: | May 20
|
| Ratings: | Moody’s: Aaa
|
| S&P: AAA
|
| Distribution: | SEC registered
|
| Price guidance: | Mid-swaps plus 13 bps; initial talk at mid-swaps plus 15 bps area
|
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