Banc of America to price CMS range accrual notes for Eksportfinans

By Susanna Moon

Chicago, April 29 - Eksportfinans ASA plans to price Constant Maturity Swap (CMS) range accrual notes due May 30, 2018, according to a 424B3 filing with the Securities and Exchange Commission.

Banc of America Securities LLC is the agent.

Interest will be 6% per year for the first four years. Thereafter, interest will be 8% per year times the proportion of days during the interest period on which the 30-year CMS rate minus the 10-year CMS rate is greater than or equal to 0.1%.

Interest will be payable quarterly.

The notes will be callable at par on each interest payment date.

The notes are expected to settle on May 30.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.