NEW ISSUE: Nordic Investment Bank €300m WNG 5yr Sr Unsec; ESTR DM+34a
IGC European Market: Deal Flow - SSA
Issuer
Term
Maturity
Size
Ranking
Type
Guidance
Nordic Investment Bank
5yr
10-Nov-31
€300m WNG
Sr Unsec
Floating
ESTR DM+34a
Guidance: 5yr: ESTR DM+34a
Issuer:Nordic Investment Bank (Ticker: NIB)
Ratings: Aaa/AAA (Moody's/S&P, both stable)
Format: Senior, Unsecured, Reg S Bearer
Size: €300m WNG
Settlement: 10-Nov-26 (T+5)
Maturity: 10-Nov-31
Coupon: FRN, ESTR +XXbps, Quarterly, Act/360
ESTR Convention: Five-day backward-shifted observation period, no lockout
Reoffer price: 100% / par
Spread: ESTR +34bps area
Denoms: 1k + 1k
Docs: EMTN Programme
Listing: Nasdaq Helsinki
Leads: Danske Bank / DZ / 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)