Kommunalbanken launches $1.5 billion of 10-year global notes at mid-swaps plus 38 bps

By Cristal Cody

Tupelo, Miss., June 9 – Kommunalbanken AS (Aaa/AAA) launched a $1.5 billion offering of 10-year global notes at mid-swaps plus 38 basis points on Tuesday, according to a market source.

The notes were initially talked to price at the mid-swaps plus 40 bps area.

BofA Securities, Inc., BMO Capital Markets Corp., Citigroup Global Markets Inc. and Morgan Stanley & Co. LLC are the lead managers of the Rule 144A and Regulation S offering.

The government-funded lender to municipalities is based in Oslo.

© 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.