NIB prices NZ$700 million Kauri

Friday, 03 February 2023

Updated

Issuer name: Nordic Investment Bank
Issuer rating: AAA/Aaa
Issue rating: as issuer
Pricing date: 3 February 2023
Settlement date: 21 February 2023
Maturity date: 21 February 2030
Lead managers: ANZ, Commonwealth Bank of Australia, Westpac Banking Corporation New Zealand Branch

Transaction type: senior-unsecured Kauri
Volume: NZ$700 million (US$453.3 million)
Total outstanding in the line: NZ$700 million
Coupon type: fixed
Coupon rate: 4.375%.
Issue/re-offer price: 99.351309%
Issue yield: 4.484%
Margin: 44bp/mid-swaps
Margin to NZGB: 65.15bp/April 2029