NIBC has announced in its news release on 9 November 2018 that is has placed GBP 250 million bonds, mainly with UK investors.
The maturity of the transaction is 5 years and its rate is fixed at 3.125%. The deal is reported to have added further diversification to the funding and investors base of NIBC.
The news release stresses the bank’s focus on meeting the market’s requirements at decisive moments such as mergers and acquisitions, management buy-outs, investments, and strategic financings and re-financings.
Founded in 1945 and operating in the Netherlands, Germany and the UK, NIBC Bank defines itself as the bank of choice for decisive moments. The Corporate Banking activities include corporate finance & capital markets, financing and investing in the sectors food, agri, retail & health, industries & manufacturing, infrastructure & renewables, commercial real estate, offshore energy, shipping & intermodal and telecom, media, technology & services.