Commentary & Deal Flow

Reoffer: 7yr: SARON MS+65 / 100 / 1.03%


Benchmark: 7yr: Govt.+81

• Issuer: Nordea Bank Abp
• Ticker: NDAFH
• Issuer Domicile: Finland
• Format: Public Fixed Rate Bonds
• Status: Senior Preferred
• Issuer Rating: Aa2/AA-/AA- (Moody's/S&P/Fitch)
• Instrument Rating (exp): Aa2/AA-/AA (Moody's/S&P/Fitch)
• Issue Size: CHF 175m
• Coupon: 1.03% p.a.
• Maturity: 14-Apr-33 (7 years)
• Settlement Date: 14-Apr-26
• Issue Price: 100.000%
• Spread/Yield: SARON MS +65.0 // YTM 1.03% // Govt.+81
• ISIN / Security Number: CH1548688238 / 154868823
• Lead Manager(s): UBS, BNP Paribas
• SNB Repo-eligibility: At the discretion of the SNB, expected no
• Documentation: Off the €50,000,000,000 Euro Medium Term Programme dated 12-May-25
• FinSA Prospectus: Recognised base prospectus in accordance with art. 45 FinSA
• Governing Law: Finland
• Covenants: PP, Clean-up Call
• SIX Listing: 10-Apr-26
• Denomination: CHF 200'000
• Use of proceeds: General banking and other corporate purposes of the Nordea Group
• Target Market: The target market as defined by the manufacturer domiciled in the EEA (MiFID II) is eligible counterparties and professional clients only (all channels for distribution), subject to applicable selling restrictions. Public offer into Switzerland only
• Sales Restrictions: As set out under the EMTN Programme