By Cristal Cody
Tupelo, Miss., July 6 – Bank Nederlandse Gemeenten NV (Aaa/AAA/AA+) priced $1.5 billion of three-year floating-rate notes on top of price talk at Libor plus 10 basis points on Thursday, according to a market source.
The notes due July 14, 2020 were talked to price in the Libor plus 10 bps area.
Barclays, Goldman Sachs & Co. and HSBC Securities (USA) Inc. were the lead managers of the Rule 144A and Regulation S offering.
The banking services company for local governments is based in The Hague, Netherlands.
| Issuer: | Bank Nederlandse Gemeenten NV
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| Amount: | $1.5 billion
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| Description: | Floating-rate notes
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| Maturity: | July 14, 2020
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| Bookrunners: | Barclays, Goldman Sachs & Co. and HSBC Securities (USA) Inc.
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| Coupon: | Libor plus 10 bps
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| Trade date: | July 6
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| Ratings: | Moody’s: Aaa
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| S&P: AAA
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| Fitch: AA+
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| Distribution: | Rule 144A, Regulation S
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| Price talk: | Libor plus 10 bps area
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