Chicago, Aug. 16 – Nordic Investment Bank sold a $100 million add-on to its floating-rate global notes due May 12, 2026 (Aaa/AAA) on Tuesday, according to an FWP filing with the Securities and Exchange Commission.
The notes will be consolidated and form a single issue with the $700 million of notes issued on May 12, 2021 and the first $50 million add-on issued on May 16, 2022.
The coupon is based on SOFR plus 100 basis points. Interest is payable quarterly.
The reoffer price was 102.517 to yield SOFR plus 30 bps.
Barclays is 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: | $100 million
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| Issue: | Floating-rate global notes add-on
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| Maturity: | May 12, 2026
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| Bookrunner: | Barclays
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| Trustee: | Citibank NA as fiscal agent
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| Coupon: | SOFR plus 100 bps
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| Price: | 102.517
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| Yield: | SOFR plus 30 bps
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| Trade date: | Aug. 16
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| Settlement date: | Aug. 23
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| Ratings: | Moody’s: Aaa
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| S&P: AAA
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| Distribution: | SEC registered
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| Cusip: | 65562QBR5
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| Total amount: | $850 million, including $700 million issued May 12, 2021 and $50 million add-on issued May 16, 2022
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