NIB issues Taiwan bond

The Nordic Investment Bank becomes the third multilateral this year to issue bonds in Taiwan with a NT$7 billion deal.

Nordic Investment Bank NIB, the multilateral institution established in 1975 by Denmark, Finland, Iceland, Norway and Sweden, has hit the Taiwan debt market with a NT$7 billion $200 million offering. Salomon Smith Barney, part of the Citigroup, was brought in to act as lead manager on the deal.

NIBs business includes granting loans and guarantees for projects, both inside and outside of the Nordic region, that are considered to be mutually beneficial to the Nordic countries and the borrower.

With its transaction, NIB becomes the third multilateral to issue in Taiwan this year, following a NT$4 billion deal launched in April by the Inter-American Development Bank IADB and a NT...

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