By Devika Patel and Cristal Cody
Knoxville, Tenn., Jan. 14 – Nordic Investment Bank offered further details, including the spread, about a $1.25 billion sale of 0.5% five-year global notes that priced on Wednesday at 99.577, according to a market source.
The spread was mid-swaps plus 3 basis points, or Treasuries plus 10.62 bps, toward the tight side of talk in the mid-swaps plus 4 bps area.
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 Bank Ireland plc, HSBC Bank plc, J.P. Morgan AG and Nomura International plc
|
| Coupon: | 0.5%
|
| Price: | 99.577
|
| Spread: | Mid-swaps plus 3 bps, or Treasuries plus 10.62 bps
|
| Trade date: | Jan. 13
|
| Settlement date: | Jan. 21
|
| Expected ratings: | Moody’s: Aaa
|
| S&P: AAA
|
| Distribution: | SEC registered
|
| Price guidance: | Mid-swaps plus 4 bps area
|
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