New Issue: Germany’s NRW.Bank prices $500 million 1.875% five-year notes at 17 bps over mid-swaps

By Aleesia Forni

Virginia Beach, June 24 – NRW.Bank priced $500 million of 1.875% five-year notes (Aa1/AA-/) at 99.506 to yield 1.97%, or mid-swaps plus 17 basis points on Tuesday, an informed source said.

The joint bookrunners were BofA Merrill Lynch, Credit Suisse Securities and Deutsche Bank Securities Inc.

The financial development products and services company is based in Dusseldorf, Germany.

Issuer:	NRW.Bank
Amount:	$500 million
Description:	Notes
Maturity:	July 1, 2019
Bookrunners:	BofA Merrill Lynch, Credit Suisse Securities, Deutsche Bank Securities Inc.
Coupon:	1.875%
Price:	99.506
Yield:	1.97%
Spread:	Mid-swaps plus 17 bps
Trade date:	June 24
Settlement date:	July 1
Ratings:	Moody’s: Aa1
	Standard & Poor's: AA-

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.