New Issue: Nordea Bank prices $1 billion 0.75% five-year notes at 58 bps spread

By Cristal Cody

Tupelo, Miss., Aug. 24 – Nordea Bank AB priced a $1 billion Rule 144A and Regulation S offering of 0.75% five-year senior notes (Aa3/AA-/AA) on Monday at a spread of 58 basis points over Treasuries, according to a market source.

Initial price talk was in the Treasuries plus 80 bps area.

BofA Securities, Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC were the bookrunners.

Nordea Bank is a financial services group based in Stockholm.

Issuer:	Nordea Bank AB
Amount:	$1 billion
Description:	Notes
Maturity:	Aug. 28, 2025
Bookrunners:	BofA Securities, Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC
Coupon:	0.75%
Spread:	Treasuries plus 58 bps
Trade date:	Aug. 24
Ratings:	Moody’s: Aa3
	S&P: AA-
	Fitch: AA
Distribution:	Rule 144A and Regulation S
Price guidance:	Treasuries plus 80 bps area

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