Nordic Investment Bank talks $1 billion of five-year notes at mid-swaps plus 7 bps area

By Cristal Cody

Tupelo, Miss., May 13 – Nordic Investment Bank (Aaa/AAA) plans to price $1 billion of five-year global notes in an offering on Tuesday, according to a market source.

The notes due May 21, 2024 were initially talked to price with a yield in the mid-swaps plus 7 basis points area.

Barclays, Citigroup Global Markets Inc., HSBC Securities (USA) Inc. and Nomura Securities International, Inc. are the bookrunners.

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

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