NIBC continues building curves

Financial Press Release -

On 12 April 2018, NIBC launched a EUR 500 million fixed rate senior unsecured transaction, with a maturity of 5 years. Against the back-drop of stable markets, NIBC opened the order book with an initial price guidance of mid-swaps plus 85 to 90 basis points.

Following a strong book building process, final orders reached EUR 900 million which allowed for final pricing to be set at mid-swaps plus 78 basis points.

Interest was widespread from across Europe, with more than 90 accounts participating in the trade. Investors from the Netherlands, France and Germany underpinned demand, followed by Spain and the UK.

The syndicate for this transaction consisted of ABN AMRO, Goldman Sachs, JP Morgan, Morgan Stanley and NIBC Markets.

Statement of the CFO, Herman Dijkhuizen:

“This new transaction further strengthens NIBC’s funding profile in the capital markets, following our 10- years covered bond transaction in January of this year and our highly successful AT1 transaction back in September 2017. The new transaction is further testimony that NIBC is building up its senior unsecured curve step by step, achieving a funding level of mid-swaps plus 78 basis points, compared to a funding level of mid-swap plus 140 basis points for a similar transaction in January of 2017.”

Bel me terug
Vul alstublieft uw naam in Onderwerp is verplicht Vul alstublieft uw telefoonnummer in

Welkom op NIBC.nl

Wij, NIBC Bank N.V., maken gebruik van functionele cookies om te zorgen dat deze website goed werkt. We willen ook graag analytische cookies op uw apparaat plaatsen om informatie over het gebruik van deze website te verzamelen om u een optimale website-ervaring te kunnen bieden. U kunt ervoor kiezen om geen toestemming te geven voor het gebruik van analytische cookies. Indien u wel toestemming geeft, kunt u deze toestemming op elk moment intrekken. Meer informatie vindt u in onze Cookie Policy en ons Privacy Statement.

Ik geef toestemming voor het plaatsen van analytische cookies