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Published on 9/20/2016 in the Prospect News Investment Grade Daily.

New Issue: Nordic Investment Bank prices $1 billion 0.875% two-year global notes at 99.763

By Cristal Cody

Eureka Springs, Ark., Sept. 20 – Nordic Investment Bank sold $1 billion of two-year global notes at 99.763 on Tuesday, according to an FWP filing with the Securities and Exchange Commission.

The notes (Aaa/AAA) are due Sept. 27, 2018.

HSBC Bank plc, J.P. Morgan Securities plc and Nomura International plc were the bookrunners.

The bank plans to list the notes on the regulated market of the Luxembourg Stock Exchange.

Nordic Investment Bank is an international financial institution owned by Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway and Sweden.

Issuer:Nordic Investment Bank
Amount:$1 billion
Description:Global notes
Maturity:Sept. 27, 2018
Bookrunners:HSBC Bank plc, J.P. Morgan Securities plc, Nomura International plc
Coupon:0.875%
Price:99.763
Trade date:Sept. 20
Settlement date:Sept. 27
Ratings:Moody’s: Aaa
S&P: AAA
Distribution:SEC Registered Global
Expected listing:Luxembourg Stock Exchange

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