E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 5/27/2010 in the Prospect News Investment Grade Daily.

New Issue: Nordic Investment Bank sells $1.25 billion 2.5% five-year global notes to yield 2.55%

By Andrea Heisinger

New York, May 27 - Nordic Investment Bank sold $1.25 billion of 2.5% five-year global notes on Thursday at Treasuries plus 39.75 basis points, according to an FWP filing with the Securities and Exchange Commission.

The notes (Aaa/AAA/) priced at 99.76 to yield 2.55%. They are non-callable.

Bookrunners were Credit Suisse Securities Europe Ltd., HSBC Bank plc, Nomura International plc and RBC Capital Markets Corp.

BNP Paribas, Nordea Bank Danmark and RBS Securities Inc. were the co-managers.

The lender for Nordic countries is based in Helsinki, Finland.

Issuer:Nordic Investment Bank
Issue:Global notes
Amount:$1.25 billion
Maturity:July 15, 2015
Bookrunners:Credit Suisse Securities Europe Ltd., HSBC Bank plc, Nomura International plc, RBC Capital Markets Corp.
Co-managers:BNP Paribas, Nordea Bank Danmark, RBS Securities Inc.
Coupon:2.5%
Price:99.76
Yield:2.55%
Spread:Treasuries plus 39.75 bps
Call:Non-callable
Trade date:May 27
Settlement date:June 4
Ratings:Moody's: Aaa
Standard & Poor's: AAA

© 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.