By Cristal Cody
Tupelo, Miss., May 14 – Nordic Investment Bank priced $1 billion of 2.25% five-year global notes (Aaa/AAA) on Tuesday at 99.906 and a spread of mid-swaps plus 6 basis points, or Treasuries plus 8.4 bps, according to a market source and an FWP filing with the Securities and Exchange Commission.
The notes were initially talked to price in the mid-swaps plus 7 bps area.
Barclays, Citigroup Global Markets Ltd., HSBC Bank plc and Nomura Securities International, plc were the bookrunners.
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 billion
|
| Description: | Global notes
|
| Maturity: | May 21, 2024
|
| Bookrunners: | Barclays, Citigroup Global Markets Ltd., HSBC Bank plc and Nomura Securities International
|
| Coupon: | 2.25%
|
| Price: | 99.906
|
| Spread: | Mid-swaps plus 6 bps, or Treasuries plus 8.4 bps
|
| Trade date: | May 14
|
| Settlement date: | May 21
|
| Ratings: | Moody’s: Aaa
|
| S&P: AAA
|
| Distribution: | SEC registered
|
| Price guidance: | Mid-swaps plus 7 bps area
|
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