By Aleesia Forni
Virginia Beach, April 2 - Nordic Investment Bank priced $1 billion of 1.875% five-year notes (Aaa/AAA/) on Wednesday with a spread of mid-swaps plus 2 basis points, according to a market source and a FWP filed with the Securities and Exchange Commission.
Pricing was at 99.591.
The notes sold at the tight end of talk, which was set in the area of mid-swaps plus 3 bps.
J.P. Morgan Securities LLC, Nomura Securities, TD Securities and HSBC Securities were the lead managers.
The co-lead managers were ANZ Securities, Daiwa Capital Markets Europe Ltd., nabSecurities LLC and Standard Chartered Bank.
The financier for five Nordic countries is based in Helsinki, Finland.
| Issuer: | Nordic Investment Bank
|
| Amount: | $1 billion
|
| Description: | Notes
|
| Maturity: | June 14, 2019
|
| Lead managers: | J.P. Morgan Securities LLC, Nomura Securities, TD Securities, HSBC Securities
|
| Co-lead managers: | ANZ Securities, Daiwa Capital Markets Europe Ltd., nabSecurities LLC, Standard Chartered Bank.
|
| Coupon: | 1.875%
|
| Price: | 99.591
|
| Spread: | Mid-swaps plus 2 bps
|
| Trade date: | April 2
|
| Settlement date: | April 9
|
| Price talk: | Mid-swaps plus 3 bps area
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
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