By Cristal Cody
Tupelo, Miss., July 12 – Nordic Investment Bank (Aaa/AAA) priced $1 billion of 2.875% five-year global notes on Thursday at 99.792, according to an FWP filing with the Securities and Exchange Commission.
The notes priced at a spread of mid-swaps plus 3 basis points, or Treasuries plus 17.1 bps. The notes were initially talked to price with a spread in the mid-swaps plus 5 bps area.
Citigroup Global Markets Inc., HSBC Securities (USA) Inc., RBC Capital Markets LLC and TD Securities (USA) 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: | July 19, 2023
|
| Bookrunners: | Citigroup Global Markets Inc., HSBC Securities (USA) Inc., RBC Capital Markets LLC and TD Securities (USA) LLC
|
| Coupon: | 2.875%
|
| Price: | 99.792
|
| Spread: | Mid-swaps plus 3 bps, or Treasuries plus 17.1 bps
|
| Trade date: | July 12
|
| Settlement date: | July 19
|
| Ratings: | Moody’s: Aaa
|
| S&P: AAA
|
| Distribution: | SEC registered
|
| Price guidance: | Mid-swaps plus 5 bps area
|
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