Eksportfinans plans enhanced yield securities linked to Blackstone via Wachovia

By Laura Lutz

Des Moines, Nov. 5 - Eksportfinans ASA plans to price enhanced yield securities with contingent downside protection due June 3, 2008 linked to the common stock of the Blackstone Group LP, according to an FWP filing with the Securities and Exchange Commission.

Wachovia Capital Markets, LLC is the agent.

The securities will bear interest at between 14.5% and 15.5% per year. The exact rate will be set at pricing.

Interest will be payable monthly.

The payout at maturity will be par unless Blackstone Group stock falls below the knock-in price - 80% of the initial price - during the life of the notes and finishes below the initial price, in which case the payout will be a number of Blackstone Group shares equal to par divided by the initial share price.

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