New Issue: Bank Nederlandse prices $475 million add-on to floaters due 2017

By Aleesia Forni

Virginia Beach, July 23 – Bank Nederlandse Gemeenten NV priced a $475 million add-on to its existing floating-rate notes (Aaa/AA+/AA+) due July 14, 2017 to yield Libor plus 7 basis points, according to a market source.

The issue’s total size is now $1,475,000,000, including $150 million priced on July 10 and $850 million priced on July 7.

BofA Merrill Lynch, Goldman Sachs & Co. and TD Securities were the lead managers.

The local government funding agency is based in the Hague, the Netherlands.

Issuer:	Bank Nederlandse Gemeenten NV
Amount:	$475 million
Description:	Floating-rate notes
Maturity:	July 14, 2017
Lead managers:	BofA Merrill Lynch, Goldman Sachs & Co., TD Securities
Coupon:	Libor plus 7 bps
Yield:	Libor plus 7 bps
Trade date:	July 23
Ratings:	Moody’s: Aaa
	Standard & Poor’s: AA+
	Fitch: AA+
Total issue size:	$1,475,000,000, including $850 million priced on July 7 and $150 million priced on July 10

© 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.