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Nordic Inv. Bank (38OT)

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Monday 11 August, 2003

Nordic Inv. Bank

Doc re. Pricing Supplement

Nordic Investment Bank
11 August 2003

Pricing Supplement

Issuer:                           Nordic Investment Bank
Series Number
Description:                      USD30,000,000
Currency/ Principal Amount:       United States Dollars
Issue Price:
Specified Denomination            USD100,000
Issue Date:                       4 August 2003
Maturity Date:                    4 August 2033
ISIN:                             XSO173453035

     A copy of the above document has been submitted to the UK Listing Authority
      and will shortly be available for inspection at the UK Listing Authority's
                                Document Viewing Facility, which is situated at:

Financial Services Authority
25 The North Colonnade Canary Wharf
London
E14 5HS

Tel. no. (0)20 7066 1000

(Documents will normally be available for inspection within six normal
business hours of this notice being given).


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            The company news service from the London Stock Exchange