By Marisa Wong and Cristal Cody
Los Angeles, March 29 – Nordic Investment Bank priced $1.25 billion of 2.625% global notes due April 4, 2025 (Aaa/AAA) at 99.989 on Tuesday, according to an FWP filing with the Securities and Exchange Commission.
The notes were talked with a spread in the SOFR mid-swaps plus 24 basis points area, according to a market source.
BofA Securities Europe SA, Citigroup Global Markets Ltd., Daiwa Capital Markets Europe Ltd. and RBC Capital Markets, LLC are the 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
|
| Issue: | Global notes
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| Maturity: | April 4, 2025
|
| Bookrunners: | BofA Securities Europe SA, Citigroup Global Markets Ltd., Daiwa Capital Markets Europe Ltd. and RBC Capital Markets, LLC
|
| Coupon: | 2.625%
|
| Price: | 99.989
|
| Pricing date: | March 29
|
| Settlement date: | April 5
|
| Ratings: | Moody’s: Aaa
|
| S&P: AAA
|
| Distribution: | SEC registered
|
| Price talk: | SOFR mid-swaps plus 24 bps area
|
| Cusip: | 65562QBT1
|
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