New Issue: Nordic Investment Bank sells $1 billion 1.625% notes of 2020 at 99.952

By Cristal Cody

Tupelo, Miss., Sept. 13 – Nordic Investment Bank priced $1 billion of 1.625% global notes due Nov. 20, 2020 (Aaa/AAA) at 99.952 and a spread of Treasuries plus 16.05 basis points on Wednesday, according to an FWP filing with the Securities and Exchange Commission.

HSBC Bank plc, Merrill Lynch International, Nomura International plc and RBC Capital Markets LLC were the bookrunners.

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:	Nov. 20, 2020
Bookrunners:	HSBC Bank plc, Merrill Lynch International, Nomura International plc and RBC Capital Markets LLC
Coupon:	1.625%
Price:	99.952
Spread:	Treasuries plus 16.05 bps
Trade date:	Sept. 13
Settlement date:	Sept. 20
Ratings:	Moody’s: Aaa
	S&P: AAA
Distribution:	SEC registered

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.