The Wall Street Journal-20080215-New Securities Issues

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New Securities Issues

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The following were among recent offerings and pricings in U.S. and non-U.S. capital markets, with terms and syndicate manager, based on information provided by Dow Jones Newswires and Factiva. (A basis point is one-hundredth of a percentage point; 100 basis points equal a percentage point.)

GLOBAL

Bank Nederlandse Gemeenten -- A 1.25 billion euro 2013-dated bond offering was priced through joint-lead managers BNP Paribas, J. P. Morgan and RBS, one of the banks managing the deal said. Terms: maturity: Feb. 21, 2013; coupon: 3.875%; reoffer: 99.692; payment: Feb. 21, 2008; spread: Nine basis points below midswaps; ratings: Aaa (Moody's Investors Service), triple-A (Standard & Poor's Rating Service), AAA (Fitch Inc.).

European Investment Bank -- A $1.75 billion bond issue was priced through lead managers Credit Suisse, Goldman Sachs and UBS, a lead manager said. Terms: maturity: April 15, 2015; coupon: 3.75%; reoffer: 99.529; payment: Feb. 25, 2008; spread: 20 basis points below midswaps; ratings: Aaa (Moody's), triple-A (S&P), AAA (Fitch).

Oesterreichische Kontrollbank -- A GBP 250 million tap of its existing 5% 2010 bond was priced, bringing the new total issue size to GBP 600 million, sole lead manager HSBC said. Terms: maturity: Dec. 7, 2010; coupon: 5%; reoffer: 100.605; payment: Feb. 21, 2008; ratings: Aaa (Moody's), triple-A (S&P), listing: London.

The Province of Ontario -- A $1.5 billion 2011-dated bond was priced through joint-lead managers Barclays Capital, J.P. Morgan and TD Securities, one of the banks managing the deal said. Terms: maturity: Feb. 22, 2011; coupon: 2.75%; reoffer: 99.686; payment: Feb. 22, 2008; spread: 96 basis points more than Treasurys; ratings: Aa1 (Moody's), double-A (S&P), AA (Fitch); denominations: Minimum $5,000, then increments of $1,000 thereafter; listing: London; interest: semiannual.