By Cady Vishniac
Detroit, Jan. 13 – Nordic Investment Bank priced an upsized $1.25 billion of 0.5% five-year global notes on Wednesday at 99.577, according to a market source and an FWP filing with the Securities and Exchange Commission.
The benchmark for the notes is the 0.375% U.S. Treasury due Dec. 31, 2025 with a benchmark yield of 0.48%.
Barclays Bank Ireland plc, HSBC Bank plc, J.P. Morgan AG and Nomura International plc 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: | $1.25 billion
|
| Description: | Global notes
|
| Maturity: | Jan. 21, 2026
|
| Bookrunners: | Barclays, Nomura International plc, RBC Capital Markets, LLC and TD Securities (USA) LLC
|
| Coupon: | 0.5%
|
| Price: | 99.577
|
| Trade date: | Jan. 13
|
| Settlement date: | Jan. 21
|
| Distribution: | SEC registered
|
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