NIB’s 2024 Kangaroo bond increased to AUD 1bn

NIB has increased its 2024 Kangaroo deal by further AUD 50 million, bringing the total to AUD 1 billion. This makes it the Bank’s largest outstanding line in Australian dollars. Due on 28 February 2024, the deal has a semi-annual coupon of 4.750% and an issue/re-offer price of 106.053% to yield 3.975%. Nomura acted as the sole lead manager for the issue. NIB currently has six lines in Australian dollars with the total outstanding volume of AUD 3,825 million, in maturities between 2015 and 2029.

Disclaimer:

The transaction described in this release (the “Notes”) have not been and will not be registered under the United States Securities Act of 1933, as amended (the “Securities Act”), or with any regulatory authority of any state or other jurisdiction in the United States of America and may not be offered or sold in the United States except in a transaction pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. The Nordic Investment Bank does not intend to register the Notes under the Securities Act or to conduct a public offering of Notes in the United States.