NIB priced 5-year USD 1bn global issue

On 20 November 2012, NIB priced a new 5-year global USD 1 billion benchmark bond. The bond was priced 17 basis point over the US Treasury bond which was the tightest pricing NIB has ever achieved for a 5-year benchmark versus US Treasuries. BofAML, Deutsche Bank, HSBC and Nomura were the lead managers for the transaction.

“On Monday morning, the USD market was stable and we saw a good opportunity for a long 5-year benchmark transaction. This new 5-year bond fits NIB’s liquidity book very well,” says Jens Hellerup, Head of Funding and Investior Relations at NIB.

The superior quality and granular order book comprised nearly 40 investors. Central banks accounted for 49%, bank treasuries/private banks for 42% and fund managers/insurance/pension for 9%. The geographical representation was good with EMEA 47%, followed by Americas 36% and Asia Pacific 17%.

NIB’s funding programme for 2012 was upsized to approximately EUR 4 billion. With this transaction the funding programme is completed.

See also the joint press release.

For more information, please contact

Jens Hellerup, Director, Head of Funding and Investor Relations

Tel. +358 9 618 11401

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