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by Oleksandr Vynychuk

Nov 03, 2026 10:27 AM ET

PRICED: Nordic Investment Bank €300m 5yr Sr Unsec; ESTR+34bp

IGC European Market: Deal Flow - SSA

Issuer	Term	Coupon	Maturity	Size	Ranking	Type	ISIN	Price	Yield	Guidance	Spread	GDNC-PXD
Nordic Investment Bank	5yr	ESTR+34bp	10-Nov-31	€300m	Sr Unsec	Floating	XS3565263251	100	-	ESTR DM+34a	ESTR+34	0

Reoffer: 5yr: ESTR+34bp / 100

5yr: Peak book above €285m (incl. €25m JLM interest)

Launched: 5yr: €300m @ ESTR DM+34bp - Books above €285m (incl. €25m JLM interest)
Spread set at: 5yr: ESTR DM+34bp
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
Settlement: 10-Nov-26 (T+5)
Maturity: 10-Nov-31
Coupon: FRN, ESTR +34bps, Quarterly, Act/360
ESTR Convention: Five-day backward-shifted observation period, no lockout
Reoffer price: 100% / par
Spread: ESTR +34bps
Denoms: 1k + 1k
Docs: EMTN Programme
Listing: Nasdaq Helsinki
Leads: Danske Bank / DZ (B&D) / 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)
ISIN: XS3565263251
Timing: TOE 14.00 CET PRICED, FTT immediately