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Global law firm White & Case LLP advised on a transaction that won International Financing Review's 2024 "Yankee Bond of the Year" award.
The Firm advised Nordea Bank Abp (Nordea) as its US counsel on the bank's US$800 million Additional Tier 1 (AT1) notes offering. The transaction was commended for its exceptional timing and execution that made it possible for Nordea to achieve the lowest coupon for a US dollar AT1 deal by a European bank since early 2022 and secure one of the tightest reset spreads by such borrowers in the Yankee bond market.