By Cristal Cody
Chicago, June 9 – Finnvera Oyj used the Thursday market to price $1 billion of 4% notes with a five-year tenor, according to an informed source.
The notes priced at SOFR mid-swaps plus 47 basis points, or alternatively 25.98 bps over the benchmark Treasury.
Price talk was in the SOFR mid-swaps plus 48 bps area.
BofA, Citigroup, JPMorgan and TD are the bookrunners.
The state-owned financing company is based in Kuopio, Finland.
| Issuer: | Finnvera Oyj
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| Amount: | $1 billion
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| Issue: | Senior notes
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| Maturity: | June 15, 2028
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| Bookrunners: | BofA, Citigroup, JPMorgan and TD
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| Coupon: | 4%
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| Spread: | SOFR mid-swaps plus 47 bps, or Treasuries plus 25.98 bps
|
| Trade date: | June 8
|
| Price talk: | SOFR mid-swaps plus 48 bps area
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