NIB issues new USD 1bn global benchmark
On 28 September, NIB priced a USD 1 billion 5-year SEC-registered global benchmark bond. With this transaction, NIB has largely completed its EUR 4 billion funding programme for 2009.
Due 6 October 2014, the deal pays a semi-annual coupon of 2.625% and has a reoffer price of 99.568. Citi, HSBC, Nomura and RBC CM were the joint lead managers, and JPMorgan and Nordea co-lead managers, for the transaction. The settlement date is set for 5 October.
“The order book closed at 9.30 New York time quickly after the launch. The order book includes nearly 50 high-quality investors, particularly central banks and official Institutions from Asia and Europe. The current issuance conditions in the dollar market are clearly favourable for high quality supranational credits,” says Kari Kukka, Head of Funding and Investor Relations at NIB.
See also the joint press release.
For more information, please contact
Kari Kukka, Senior Director, Head of Funding and Investor Relations
Tel. +358 10 618 0464