By Devika Patel
Knoxville, Tenn., March 21 – Nordic Investment Bank sold $500 million of 2.5% three-year global notes (Aaa/AAA) on Wednesday, according to an FWP filed with the Securities and Exchange Commission.
The notes were sold at 99.796.
BofA Merrill Lynch, RBC Capital Markets LLC and Toronto-Dominion Bank are 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
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| Amount: | $500 million
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| Description: | Global notes
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| Maturity: | April 28, 2020
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| Bookrunners: | BofA Merrill Lynch, RBC Capital Markets LLC and Toronto-Dominion Bank
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| Coupon: | 2.5%
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| Price: | 99.796
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| Trade date: | March 21
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| Settlement date: | March 28
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| Ratings: | Moody’s: Aaa
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| S&P: AAA
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| Distribution: | SEC registered
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| Price talk: | Mid-swaps minus 6 bps area
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