BNG Bank talks five-year notes at mid-swaps plus 18 bps area

By Cristal Cody

Tupelo, Miss., Feb. 20 – BNG Bank NV (Aaa/AAA/AA+) intends price notes due Feb. 27, 2024 on Wednesday, according to a market source.

The notes were initially talked to price with a spread in the mid-swaps plus 18 basis points area.

The notes will be sold via Rule 144A and Regulation S.

Bookrunners include Morgan Stanley & Co. LLC, Nomura Securities International, Inc. and RBC Capital Markets, LLC.

BNG Bank, formerly known as Bank Nederlandse Gemeenten NV, is a banking services company based in The Hague, Netherlands.

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