Published on 2/7/2013 in the Prospect News Agency Daily.
New Issue: Nordic Investment Bank sells $2 billion 0.5% three-year notes at mid-swaps minus 5 bps
By Andrea Heisinger
New York, Feb. 7 - Nordic Investment Bank priced $2 billion of 0.5% three-year notes (Aaa/AAA/) on Thursday to yield mid-swaps minus 5 basis points, a market source said.
Pricing was at 99.865. There is no call option.
Deutsche Bank Securities Inc., HSBC Securities (USA) Inc. and RBC Capital Markets LLC were the bookrunners.
The financier for five Nordic countries is based in Helsinki, Finland.
Issuer: | Nordic Investment Bank
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Issue: | Notes
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Amount: | $2 billion
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Maturity: | April 14, 2016
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Bookrunners: | Deutsche Bank Securities Inc., HSBC Securities (USA) Inc., RBC Capital Markets LLC
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Coupon: | 0.5%
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Price: | 99.865
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Spread: | Mid-swaps minus 5 bps
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Call: | Non-callable
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Trade date: | Feb. 7
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Settlement date: | Feb. 14
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Ratings: | Moody's: Aaa
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| Standard & Poor's: AAA
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