Nordic Investment Bank offers $1 billion five-year notes talked at mid-swaps plus 5 bps area

By Cristal Cody

Tupelo, Miss., July 11 – Nordic Investment Bank (Aaa/AAA) is marketing $1 billion of global notes due July 19, 2023 to price on Thursday, according to an informed source.

The notes were initially talked to price with a spread in the mid-swaps plus 5 basis points area.

Citigroup Global Markets Inc., HSBC Securities (USA) Inc., RBC Capital Markets LLC and TD Securities (USA) LLC are the bookrunners.

Nordic Investment Bank is an international financial institution owned by Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway and Sweden.

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