By Cristal Cody
Tupelo, Miss., Sept. 3 – Nordic Investment Bank priced $1.5 billion of 0.375% five-year global notes (Aaa/AAA) on Thursday at 99.926 and a spread of mid-swaps plus 9 basis points, or Treasuries plus 16 bps, according to a market source and an FWP filing with the Securities and Exchange Commission.
Initial price talk was in the mid-swaps plus 11 bps area.
Citigroup Global Markets Ltd., HSBC Bank plc, Morgan Stanley & Co. International plc and RBC Capital Markets, 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
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| Amount: | $1.5 billion
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| Description: | Global notes
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| Maturity: | Sept. 11, 2025
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| Bookrunners: | Citigroup Global Markets Ltd., HSBC Bank plc, Morgan Stanley & Co. International plc and RBC Capital Markets, LLC
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| Coupon: | 0.375%
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| Price: | 99.926
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| Spread: | Mid-swaps plus 9 bps, or Treasuries plus 16 bps
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| Trade date: | Sept. 3
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| Settlement date: | Sept. 11
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| Ratings: | Moody’s: Aaa
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| S&P: AAA
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| Distribution: | SEC registered
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| Price guidance: | Mid-swaps plus 11 bps area
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