By Andrea Heisinger
Omaha, Jan. 11 - Nordic Investment Bank priced an upsized $1.25 billion of 3.125% three-year global notes Friday to yield Treasuries plus 55 bps, market sources said.
The issue was increased from $1 billion.
The non-callable notes (Aaa/AAA) have a price of 99.841 to yield 3.179%.
Bookrunners were Citigroup Global Markets Inc., J.P. Morgan Securities Inc. and RBC Capital Markets Corp.
The bank is based in Helsinki, Finland.
| Issuer: | Nordic Investment Bank
|
| Issue: | Global notes
|
| Amount: | $1.25 billion, upsized from $1 billion
|
| Maturity: | Feb. 15, 2011
|
| Bookrunners: | Citigroup Global Markets Inc., J.P. Morgan Securities Inc., RBC Capital Markets Corp.
|
| Coupon: | 3.125%
|
| Price: | 99.841
|
| Yield: | 3.179%
|
| Spread: | Treasuries plus 55 bps
|
| Call: | Non-callable
|
| Trade date: | Jan. 11
|
| Settlement date: | Jan. 18
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
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