DnB NORD Bankas Successfully Co-Leads Societe Generale Note Placement
OREANDA-NEWS. December 03, 2009. AB DnB NORD Bankas, Lithuania‘s leading investment service provider, together with Societe Generale Corporate and Investment Bank, successfully placed French bank Societe Generale Latvian Lat denominated notes. This 15 mln. Lat tranche is the biggest non-government Lat denominated bond issue this year, reported the press-centre of DnB NORD Bankas.
During the placement, demand for these one year 13.5% notes exceeded the supply by 40%.
„We are pleased that Societe Generale has mandated DnB NORD Bank that has strong presence in the Baltic debt markets to co-lead its note issue.“, said Andrius Nacajus, head of Investment Banking at DnB NORD Bankas.
AB DnB NORD Bankas will provide secondary liquidity for these notes.
This year AB DnB NORD Bankas, together with Citi, HSBC, RBS and CrediSuisse, has co-led 500 mln EUR and 1.5 bln USD international placements of Lithuanian Government bonds. The bank has also solely underwrote 12 euro denominated and three Estonian kroon denominated tranches of Lithuanian Government notes with total nominal value of 270 mln. EUR.
AB DnB NORD Bank has issued 108 tranches of equity linked notes, 13 of which has been placed in Latvia. Bank‘s debt instruments are being traded on Vilnius and Riga stock exchanges.
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