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FINANCIALS: Nord LB - New Issue - €500m WNG 3Y Sr Non-Pref - FV

FINANCIALS

Nord LB - New Issue - €500m WNG 3Y Sr Non-Pref

  • IPT: MS+125
  • FV : MS+97. Extending the DB curve, the NDB 3.625% 2029 trades 9bps wide of the DB curve. Subtract 2bps for curve shape at 3Y, putting the new issue 7bps wide of the 3Y DB 1.75% 2028.
  • Exp. Ratings: A1/A+ (Moody's/Fitch)

 

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Nord LB - New Issue - €500m WNG 3Y Sr Non-Pref

  • IPT: MS+125
  • FV : MS+97. Extending the DB curve, the NDB 3.625% 2029 trades 9bps wide of the DB curve. Subtract 2bps for curve shape at 3Y, putting the new issue 7bps wide of the 3Y DB 1.75% 2028.
  • Exp. Ratings: A1/A+ (Moody's/Fitch)