NEW ISSUE: Nordic Investment Bank € bmk 7yr NEB Green Bond; MS+15a
IGC European Market: Deal Flow - SSA
Issuer
Term
Maturity
Size
Ranking
Type
Guidance
Nordic Investment Bank
7yr
30-May-33
bmk
Sr Unsec
Fixed
MS+15a
Guidance: MS+15bp area
Issuer: Nordic Investment Bank (NIB)
Issuer Rating: Aaa/AAA (Moody’s/S&P, both stable)
Format: Reg S, Bearer, New Global Note, Senior Unsecured, Environmental Bond (NEB)
Size: € benchmark
Maturity: 30-May-33 (7-year)
Settlement: 28-May-26 (T+5)
Coupon: Fixed, Annual, ACT/ACT, long first coupon
Guidance: MS+15bp area
Listing: Nasdaq (Helsinki)
Denoms: €1k
Law: English
Bookrunners: CACIB, Danske Bank, DZ BANK, Nordea
ISIN: XS3391770743
Timing: Books open, today’s business
Target Market: The manufacturer target market (MIFID II product governance) as assessed by the lead managers is retail, eligible counterparties and professionals (all distribution channels)
UoP: It is intended that the Issuer will apply an amount equal to the proceeds from an offer of such Instruments specifically to finance projects and activities providing environmental benefits and other environmental purposes ("Environmental Projects"), as further described in the Environmental Bond Framework.