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Nordic Investment Bank plans $150 million tap of floaters due 2026
By Marisa Wong
Los Angeles, Nov. 22 – Nordic Investment Bank is planning to price a $150 million minimum add-on to its floating-rate global notes due May 12, 2026, according to a notice.
The notes will be consolidated and form a single issue with the $850 million of existing notes. The original $700 million was issued on May 12, 2021, a $50 million add-on was issued May 16, 2022, and a $100 million add-on was issued on Aug. 23.
The coupon is SOFR plus 100 basis points.
J.P. Morgan SE and HSBC are the managers.
Nordic Investment Bank is an international financial institution owned by Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway and Sweden.
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