First transactionNews Release -
NIBC further diversifies its funding base with an inaugural GBP 250 million transaction
Yesterday, NIBC placed GBP 250 million bonds with mainly UK investors. The fixed rate transaction has a coupon of 3.125% and a maturity of 5 years. The order book was made up of almost 30 investors. This deal adds further diversification to NIBC’s funding and investor base. NIBC has a natural appetite for GBP funding, as we have an active UK lending franchise out of our London office.