By Wendy Van Sickle
Columbus, Ohio, May 5 – Nordic Investment Bank priced a $50 million add-on to its floating-rate global notes due 2026 (Aaa/AAA) with a coupon of SOFR plus 100 basis points, according to an FWP filing on Thursday.
The notes will be consolidated and form a single series with the $700 million of the notes issued by the company on May 12, 2021.
The add-on notes priced at a reoffer price of 103.205 to yield SOFR plus 20 bps.
Nomura International plc was the lead manager.
Nordic Investment Bank is an international financial institution owned by Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway and Sweden.
Issuer: | Nordic Investment Bank
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Amount: | $50 million add-on
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Issue: | Floating-rate global notes
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Maturity: | May 12, 2026
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Bookrunner: | Nomura International plc
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Coupon: | SOFR plus 100 bps
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Price: | 103.205
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Yield: | SOFR plus 20 bps
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Pricing date: | May 5
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Issue date: | May 16
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Ratings: | Moody’s: Aaa
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| S&P: AAA
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Distribution: | SEC registered, global
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Prior issue: | $700 million issued on May 12, 2021
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Cusip: | 65562QBR5
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