By Cristal Cody
Chicago, May 11 – BNG Bank NV sold $2 billion of 0.875% five-year notes on Tuesday, a market source reported.
The notes came on top of launch talk, with a 4 basis points spread over mid-swaps. Alternatively, the notes priced with a Treasuries plus 12.25 bps spread.
The notes had initial price talk in the mid-swaps plus 6 bps area.
Barclays, Citigroup, Daiwa Securities and RBC are the bookrunners.
The private banking company is based in The Hague.
| Issuer: | BNG Bank NV
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| Issue: | Notes
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| Amount: | $2 billion
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| Maturity: | May 18, 2026
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| Bookrunners: | Barclays, Citigroup, Daiwa Securities and RBC
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| Coupon: | 0.875%
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| Spread: | Mid-swaps plus 4 bps, or Treasuries plus 12.25 bps
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| Trade date: | May 11
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| Price talk: | Launched at mid-swaps plus 4 bps; initial talk mid-swaps plus 6 bps area
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