By Andrea Heisinger
New York, Nov. 19 - Nordic Investment Bank priced $1 billion of 0.75% five-year global notes on Tuesday to yield mid-swaps flat, or Treasuries plus 17.05 bps, a market source said.
The notes (Aaa/AAA/) were sold at 99.628.
Bookrunners were Bank of America Merrill Lynch, Deutsche Bank Securities Inc., HSBC Securities (USA) Inc. and Nomura Securities International Inc.
Nordic Investment Bank was last in the U.S. bond market with a $1.25 billion sale of five-year notes on Jan. 31, 2012.
The financier for five Nordic countries is based in Helsinki, Finland.
| Issuer: | Nordic Investment Bank
|
| Issue: | Global notes
|
| Amount: | $1 billion
|
| Maturity: | Jan. 17, 2018
|
| Bookrunners: | Bank of America Merrill Lynch, Deutsche Bank Securities Inc., HSBC Securities (USA) Inc., Nomura Securities International Inc.
|
| Co-managers: | Daiwa Capital Markets Europe Ltd., RBC Capital Markets LLC
|
| Coupon: | 0.75%
|
| Price: | 99.628
|
| Spread: | Mid-swaps flat, Treasuries plus 17.05 bps
|
| Trade date: | Nov. 20
|
| Settlement date: | Nov. 28
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
| Price talk: | Area of mid-swaps flat
|
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