New Issue: Eksportfinans prices $1.1 million 17.5% notes linked to General Motors

By Angela McDaniels

Seattle, March 30 - Eksportfinans ASA priced $1.1 million of 17.5% reverse convertible securities due April 2, 2007 linked to the common stock of General Motors Corp., according to a 424B3 filing with the Securities and Exchange Commission.

Issuer:	Eksportfinans ASA
Issue:	Reverse convertible securities
Underlying stock:	General Motors Corp.
Amount:	$1.1 million
Maturity:	April 2, 2007
Coupon:	17.5%, payable quarterly
Price:	Par
Payout at maturity:	43.956 shares of General Motors stock if the share price falls below the knock-in level of $11.38 during the life of the note and ends below its initial price; otherwise, par
Initial share price:	$22.75
Knock-in level:	$11.38, 50% of initial share price
Pricing date:	March 28
Settlement date:	March 31
Issuer ratings:	Moody's: Aaa
	S&P: AA+
	Fitch: AAA
Agent:	Deutsche Bank Securities Inc.
Lead Dealer:	Stone & Youngberg LLC

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