$1 Billion Takedown by Nordic Investment Bank

April 9, 2014

Cleary Gottlieb advised the underwriters, HSBC, J.P. Morgan, Nomura, TD Securities, ANZ Securities, Daiwa Capital Markets Europe, nabSecurities and Standard Chartered Bank, in the offering by Nordic Investment Bank of $1 billion of 1.875% notes due June 14, 2019. The syndicated offering involved a “takedown” under Nordic Investment Bank’s SEC-registered global medium-term note program. The notes are listed on the Luxembourg Stock Exchange. Nordic Investment Bank is a multilateral financial institution owned by the eight Nordic countries – Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway and Sweden. The transaction closed on April 9.