Published on 2/18/2016 in the Prospect News Investment Grade Daily.
New Issue: Nordic Investment sells $1.25 billion 1.125% three-year notes at mid-swaps plus 22 bps
By Aleesia Forni
New York, Feb. 18 – Nordic Investment Bank sold an upsized $1.25 billion issue of 1.125% three-year global notes (Aaa/AAA) on Thursday at mid-swaps plus 22 basis points, according to a market source and an FWP filed with the Securities and Exchange Commission.
Pricing was at 99.997.
Bookrunners were Citigroup Global Markets Inc., HSBC Securities, Nomura International and TD Bank Securities.
The financier for five Nordic countries is based in Helsinki, Finland.
Issuer: | Nordic Investment Bank
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Amount: | $1.25 billion, upsized from $1 billion
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Description: | Global notes
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Maturity: | Feb. 25, 2019
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Bookrunners: | Citigroup Global Markets Inc., HSBC Securities, Nomura International, TD Bank Securities
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Coupon: | 1.125%
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Price: | 99.997
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Spread: | Mid-swaps plus 22 bps
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Trade date: | Feb. 18
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Settlement date: | Feb. 25
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Ratings: | Moody’s: Aaa
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| Standard & Poor’s: AAA
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Distribution: | SEC registered
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Price guidance: | Mid-swaps plus 25 bps area
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