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Published on 3/12/2010 in the Prospect News Investment Grade Daily.

New Issue: Eksportfinans sells $100 million two-year floaters at par to yield Libor plus 12 bps

By Andrea Heisinger

New York, March 12 - Eksportfinans ASA priced $100 million of two-year floating-rate medium-term notes (Aa1/AA/AA) on Friday at par to yield three-month Libor plus 12 basis points, according to an FWP filing with the Securities and Exchange Commission.

The non-callable notes have interest paid quarterly.

RBS Securities ran the books.

The lender to the export and municipal sectors is based in Oslo.

Issuer:Eksportfinans ASA
Issue:Floating-rate medium-term notes
Amount:$100 million
Maturity:March 19, 2012
Bookrunner:RBS Securities
Coupon:Three-month Libor plus 12 bps
Price:Par
Yield:Three-month Libor plus 12 bps
Call:Non-callable
Trade date:March 12
Settlement date:March 19
Ratings:Moody's: Aa1
Standard & Poor's: AA
Fitch: AA

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