By Rebecca Melvin
New York, Oct. 10 – Luminor Bank AS (Estonia) announced and priced a €350 million offering of 1.5% three-year notes on Wednesday for a yield spread of mid-swaps plus 150 basis points, according to a syndicate source.
The new notes priced at 99.698 for a reoffer yield of 1.604%.
The notes were sold via joint bookrunners Citigroup, Goldman Sachs, JPMorgan and Nordea (bill and deliver).
Luminor is a recently created bank from the merger of Nordea Bank AB and DNB Bank ASA’s operations, with ownership changing to Blackstone private equity fund.
| Issuer: | Luminor Bank AS (Estonia)
|
| Amount: | €350 million
|
| Maturity: | Oct. 18, 2021
|
| Description: | Notes
|
| Bookrunners: | Citigroup, Goldman Sachs, JPMorgan and Nordea
|
| Coupon: | 1½%
|
| Price: | 99.698
|
| Yield: | 1.604%
|
| Spread: | Mid-swaps plus 150 bps
|
| Trade date: | Oct. 10
|
| Settlement date: | Oct. 18
|
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