New Issue-Nordea Bank sells $2 bln in two parts

Thu Nov 5, 2009 4:56pm EST

  Nov 5 (Reuters) - Nordea Bank AB (NDA.ST) on Thursday sold
$2 billion of senior bank notes in the 144a private placement
market, said IFR, a Thomson Reuters service.
  Bank of America, Goldman Sachs, and JP Morgan were the
joint bookrunning managers for the sale.
BORROWER: NORDEA BANK AB
FIRST TRANCHE:
AMT $500 MLN      COUPON 2.50 PCT     MATURITY 11/13/2012
TYPE SR NTS       ISS PRICE 99.716    FIRST PAY 5/13/2010
MOODY'S Aa2       YIELD 2.599 PCT     SETTLEMENT 11/13/2009
S&P AA-MINUS      SPREAD 120 BPS      PAY FREQ SEMI-ANNUAL
FITCH AA-MINUS     MORE THAN TREAS    NON-CALLABLE       
SECOND TRANCHE:
AMT $1.5 BLN      COUPON 3.70 PCT     MATURITY 11/13/2014
TYPE SR NTS       ISS PRICE 99.855    FIRST PAY 5/13/2010
MOODY'S Aa2       YIELD 3.732 PCT     SETTLEMENT 11/13/2009
S&P AA-MINUS      SPREAD 140 BPS      PAY FREQ SEMI-ANNUAL
FITCH AA-MINUS     MORE THAN TREAS    NON-CALLABLE       


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