By Aleesia Forni
Virginia Beach, Sept. 3 – Bank Nederlandse Gemeenten NV priced $500 million of 0.625% two-year notes (Aaa/AAA/) at mid-swaps flat on Wednesday, according to a source away from the trade.
The notes sold in line with guidance.
Pricing was at 99.76 to yield 0.746%.
BofA Merrill Lynch was the bookrunner.
The local government funding agency is based in the Hague, the Netherlands.
| Issuer: | Bank Nederlandse Gemeenten NV
|
| Amount: | $500 million
|
| Description: | Notes
|
| Maturity: | Sept. 15, 2016
|
| Bookrunner: | BofA Merrill Lynch
|
| Coupon: | 0.625%
|
| Price: | 99.76
|
| Yield: | 0.746%
|
| Spread: | Mid-swaps flat
|
| Trade date: | Sept. 3
|
| Settlement date: | Sept. 15
|
| Ratings: | Moody’s: Aaa
|
| Standard & Poor’s: AAA
|
| Price talk: | Mid-swaps flat area
|
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