By Cristal Cody
Chicago, Sept. 14 – Nordic Investment Bank sold $1 billion of 0.375% three-year global notes (Aaa/AAA) on Tuesday, according to a market source and an FWP filed with the Securities and Exchange Commission.
The notes priced at 99.658 to yield 0.422%, or a spread of mid-swaps minus 5 basis points, or Treasuries plus 6.8 bps.
Talk had been in the mid-swaps minus 2 bps area on Tuesday morning.
Citigroup Global Markets Ltd., Credit Agricole CIB, RBC Capital Markets and TD Securities are leading the deal.
The notes are expected to be listed on the Luxembourg Stock Exchange.
Nordic Investment Bank is an international financial institution owned by Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway and Sweden.
| Issuer: | Nordic Investment Bank
|
| Issue: | Global notes
|
| Amount: | $1 billion
|
| Maturity: | Sept. 20, 2024
|
| Bookrunners: | Citigroup Global Markets Ltd., Credit Agricole CIB, RBC Capital Markets and TD Securities
|
| Coupon: | 0.375%
|
| Price: | 99.658
|
| Yield: | 0.422%
|
| Spread: | Mid-swaps minus 5 bps, or Treasuries plus 6.8 bps
|
| Trade date: | Sept. 14
|
| Settlement date: | Sept. 21
|
| Ratings: | Moody’s: Aaa
|
| S&P: AAA
|
| Distribution: | SEC registered
|
| Price talk: | Mid-swaps minus 2 bps area
|
| Cusip: | 65562QBS3
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
