NSI N.V. has agreed to issue €40 million of 10-year unsecured notes to clients of MetLife Investment Management (MIM). The notes are Euro denominated and have a fixed coupon of 1.6%. This coupon and maturity are reflective of NSI's overall business prospects and its attractive credit profile.

As a result of this issue, NSI has extended its average debt maturity from 5.4 years at the end of December 2019 to 5.6 years at the end of March 2020. The average cost of debt will remain flat at 2.0%. The deal is in line with NSI's treasury strategy to diversify and lengthen its debt maturities and to further diversify its investor base.

NSI is pleased that through partnering with MIM and MIM's clients it has secured new high-quality investors which will help NSI to plan its capital requirements better given the plans for the years ahead.

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NSI NV published this content on 26 March 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 March 2020 06:12:03 UTC