NIB announces new USD 1bn deal

NIB has announced a USD 1 billion five-year benchmark transaction to be priced later today.

At a spread of 6bp area over mid-swaps, the deal has attracted orders for a total of USD 1.8 billion. This will be NIB’s second USD 1 billion deal this year after the three-year bond issued in March. JP Morgan, RBC and TD are mandated as the lead managers for the deal.