By Andrea Heisinger
Omaha, Sept. 5 - Nordic Investment Bank (NIB) priced $1.5 billion of three-year 4.5% global notes Wednesday to yield Treasuries plus 56 bps, according to an informed source.
The notes (Aaa/AAA) had a price of 99.80 with a yield of 4.572%.
Lead managers were Nomura International plc, J.P. Morgan Securities and HSBC Bank plc.
NIB is based in Helsinki, Finland, and is an investment and multilateral development bank owned by eight Nordic and northern European countries.
Issuer: | Nordic Investment Bank
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Amount: | $1.5 billion
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Maturity: | Sept. 13, 2010
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Security description: | SEC registered global notes
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Lead managers: | Nomura International plc, J.P. Morgan Securities, HSBC Bank plc
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Coupon: | 4.5%
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Price: | 99.80
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Yield: | 4.572%
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Spread: | Treasuries plus 56 bps
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Call: | None
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Pricing date: | Sept. 5
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Ratings: | Moody's: Aaa
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| Standard & Poor's: AAA
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