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by Oleksandr Vynychuk

Sep 18, 2026 6:48 AM ET

ALLOCATIONS OUT: Nordic Investment Bank £300m Long 3yr Sr Unsec; SONIA DM+25bp

IGC European Market: Deal Flow - General

Issuer	Term	Maturity	Size	Ranking	Type	ISIN	Guidance	Spread Set
Nordic Investment Bank	Long 3yr	21-Dec-29	£300m	Sr Unsec	Floating	XS3518483675	SONIA DM+26a	SONIA DM+25

Long 3yr: Final books above £1bn (incl. £50m JLM interests)

Launched: Long 3yr: £300m @ SONIA DM+25bp - Books above £620m (incl. £50m JLM interest)
Guidance: Long 3yr: SONIA DM+26a

Issuer: Nordic Investment Bank (ticker: "NIB")
Ratings: Aaa / AAA (Moody's/S&P, both stable)
Format: Senior, Unsecured, Reg S Bearer
Size: £300m
Settlement: 25-Sep-26 (T+5)
Maturity: 21-Dec-29
Coupon: FRN, SONIA +25bp, Quarterly, Act/365F, short first
SONIA Convention: SONIA Index where SONIA Index Start and SONIA Index End will be 5 days prior to Interest Periods Start/End
Reoffer price: 100% / par
Spread: SONIA DM+25bp
Denoms: 1k + 1k
Docs: EMTN Programme
Listing: Nasdaq Helsinki
Leads: BMO (B&D) / RBC CM / Santander
Target Market: The manufacturer target markets (MIFID II and UK MiFIR product governance) as assessed by the lead managers are Retail / Professional / Eligible Counterparties (all distribution channels)
Timing: Today's business
Books Subject: 10.45 UKT
Schedule: Allocation and pricing later today
ISIN: XS3518483675