By Rebecca Melvin and Cristal Cody
Concord, N.H., March 30 – Nordic Investment Bank priced $1.25 billion of 2.625% global notes due April 4, 2025 (Aaa/AAA) at 99.989 on Tuesday with a spread to SOFR mid-swaps of 22 basis points, or Treasuries plus 10.2 bps, according to additional details of the issuance from a market source and an FWP filing with the Securities and Exchange Commission.
As previously reported, the notes were talked with a spread in the SOFR mid-swaps plus 24 bps area.
BofA Securities Europe SA, Citigroup Global Markets Ltd., Daiwa Capital Markets Europe Ltd. and RBC Capital Markets, LLC are the managers.
Nordic Investment Bank is an international financial institution owned by Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway and Sweden.
| Issuer: | Nordic Investment Bank
|
| Amount: | $1.25 billion
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| Issue: | Global notes
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| Maturity: | April 4, 2025
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| Bookrunners: | BofA Securities Europe SA, Citigroup Global Markets Ltd., Daiwa Capital Markets Europe Ltd. and RBC Capital Markets, LLC
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| Coupon: | 2.625%
|
| Price: | 99.989
|
| Spread: | SOFR mid-swaps plus 22 bps, Treasuries plus 10.2 bps
|
| Pricing date: | March 29
|
| Settlement date: | April 5
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| Ratings: | Moody’s: Aaa
|
| S&P: AAA
|
| Distribution: | SEC registered
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| Price talk: | SOFR mid-swaps plus 24 bps area
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| Cusip: | 65562QBT1
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