By Cristal Cody
Tupelo, Miss., Oct. 9 – Nordic Investment Bank (Aaa/AAA) priced $1 billion of 1.375% three-year global notes on Wednesday at 99.728 and a spread of mid-swaps plus 8 basis points, or Treasuries plus 7.4 bps, according to a market source and an FWP filing with the Securities and Exchange Commission.
The notes were initially talked to price in the mid-swaps plus 8 bps area.
HSBC Bank plc, J.P. Morgan Securities plc, RBC Capital Markets LLC and Toronto-Dominion Bank 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: | Oct. 17, 2022
|
| Bookrunners: | HSBC Bank plc, J.P. Morgan Securities plc, RBC Capital Markets LLC and Toronto-Dominion Bank
|
| Coupon: | 1.375%
|
| Price: | 99.728
|
| Spread: | Mid-swaps plus 8 bps, or Treasuries plus 7.4 bps
|
| Trade date: | Oct. 9
|
| Settlement date: | Oct. 17
|
| Ratings: | Moody’s: Aaa
|
| S&P: AAA
|
| Distribution: | SEC registered
|
| Price guidance: | Mid-swaps plus 8 bps area
|
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