NIB taps Kauri market with a new deal

On 9 January, NIB priced a five-year NZD 550 million deal to increase an earlier 2020 issue, taking the issue’s new outstanding to NZD 650 million. With this increase, NIB’s outstanding Kauri volume totals NZD 3.025 billion in six lines of different maturities.

The transaction described in this release (the “Notes”) has not been and will not be registered under the United States Securities Act of 1933, as amended (the “Securities Act”), or with any regulatory authority of any state or other jurisdiction in the United States of America and may not be offered or sold in the United States except in a transaction pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. The Nordic Investment Bank does not intend to register the Notes under the Securities Act or to conduct a public offering of Notes in the United States.