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Published on 8/3/2010 in the Prospect News Investment Grade Daily.

New Issue: Eksportfinans sells $200 million notes due 2012 to yield one-month Libor plus 19 bps

By Andrea Heisinger

New York, Aug. 3 - Eksportfinans ASA priced $200 million of floating-rate notes due Feb. 5, 2012 on Tuesday at par to yield one-month Libor plus 19 basis points, a market source away from the deal said.

The notes (Aa1/AA/) are non-callable.

Barclays Capital Inc. ran the books.

The export lender is based in Oslo, Norway.

Issuer:Eksportfinans ASA
Issue:Senior floating-rate notes
Amount:$200 million
Maturity:Feb. 5, 2012
Bookrunner:Barclays Capital Inc.
Coupon:One-month Libor plus 19 bps
Price:Par
Yield:One-month Libor plus 19 bps
Call:Non-callable
Trade date:Aug. 3
Settlement date:Aug. 6
Ratings:Moody's: Aa1
Standard & Poor's: AA

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