By Jennifer Chiou
New York, Sept. 21 - Eksportfinans ASA priced a $10 million issue of callable range accrual notes due Oct. 11, 2022 linked to six-month Libor via Lehman Brothers Inc., according to an FWP filing with the Securities and Exchange Commission.
The notes will bear interest at 8.5% times the proportion of days on which six-month Libor is between 0% and 7%.
Interest is payable quarterly.
The notes are callable, in whole but not in part, at par plus accrued interest on any interest payment date beginning on April 11, 2008.
If the notes are not called, the payout at maturity will be par plus accrued interest, if any.
| Issuer: | Eksportfinans ASA
|
| Issue: | Libor callable range accrual notes
|
| Amount: | $10 million
|
| Maturity: | Oct. 11, 2022
|
| Coupon: | 8.5% times the proportion of days on which six-month Libor is between 0% and 7%
|
| Price: | Par
|
| Payout at maturity: | Par plus accrued interest
|
| Call: | At par plus accrued interest on any interest payment date beginning April 11, 2008
|
| Pricing date: | Sept. 21
|
| Settlement date: | Oct. 11
|
| Agent: | Lehman Brothers Inc.
|
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