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Nordea To Raise $1.25B In Note Sale

Nordea Bank is selling subordinated bonds worth $1.25 billion in the private placement market.

    Nordea Bankis selling subordinated bonds worth $1.25 billion in the private placement market,The Wall Street Journalreports. The notes, which carry a coupon rate of 4.875%, will mature on May 13, 2021, addsReuters.

    The proceeds will be used for repayment of outstanding debt securities and other general corporate purposes.Bank of America Merrill Lynch,Credit SuisseandGoldman Sachsare the joint book-runners on the deal.

    Click here for the story fromThe Wall Street Journal.

    Click here for additional coverage fromReuters.

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