By Wendy Van Sickle and Cristal Cody
Columbus, Ohio, May 6 – Nordic Investment Bank priced $700 million of floating-rate global notes due 2026 (Aaa/AAA) with a coupon of SOFR plus 100 basis points, according to an FWP filing on Thursday.
The notes priced at a reoffer price of 104.089 to yield SOFR plus 19 bps.
Initial price talk was in the SOFR plus 20 bps area, according to an informed source.
Citigroup Global Markets Ltd., RBC Capital Markets LLC and TD Securities are 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
|
| Issue: | Floating-rate global notes
|
| Amount: | $700 million
|
| Maturity: | May 12, 2026
|
| Bookrunners: | Citigroup Global Markets Ltd., RBC Capital Markets LLC and TD Securities
|
| Coupon: | SOFR plus 100 bps
|
| Price: | 104.089
|
| Yield: | SOFR plus 19 bps
|
| Pricing date: | May 6
|
| Issue date: | May 12
|
| Ratings: | Moody’s: Aaa
|
| S&P: AAA
|
| Distribution: | SEC registered, global
|
| Initial talk: | SOFR plus 20 bps area
|
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