Published on 4/15/2016 in the Prospect News Investment Grade Daily.
New Issue: Nordic Investment Bank sells $500 million two-year floaters at Libor plus 5 bps
By Cristal Cody
Eureka Springs, Ark., April 15 – Nordic Investment Bank sold $500 million of two-year floating-rate global notes at par to yield Libor plus 5 basis points on Friday, according to a FWP filing with the Securities and Exchange Commission.
HSBC Bank plc and Merrill Lynch International were the lead managers.
Nordic Investment Bank is an international financial institution owned by Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway and Sweden.
Issuer: | Nordic Investment Bank
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Amount: | $500 million
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Description: | Floating-rate global notes
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Maturity: | April 25, 2018
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Bookrunners: | HSBC Bank plc, Merrill Lynch International
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Coupon: | Libor plus 5 bps
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Price: | Par
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Yield: | Libor plus 5 bps
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Trade date: | April 15
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Settlement date: | April 25
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Ratings: | Moody’s: Aaa
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| Standard & Poor’s: AAA
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Distribution: | SEC registered global
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