By Cristal Cody
Chicago, April 21 – Kommunalbanken AS sold a $500 million offering of senior floating-rate notes due Oct. 27, 2023 with a floating rate of SOFR plus 16 basis points, according to a market source.
The notes were expected in the SOFR plus 17 bps area.
Citigroup Global Markets Inc., HSBC Securities (USA) Inc. and RBC Capital Markets LLC are the bookrunners.
Oslo-based Kommunalbanken provides funding to municipalities.
| Issuer: | Kommunalbanken AS
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| Issue: | Senior floating-rate notes
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| Amount: | $500 million
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| Maturity: | Oct. 27, 2023
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| Bookrunners: | Citigroup Global Markets Inc., HSBC Securities (USA) Inc. and RBC Capital Markets LLC
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| Coupon: | SOFR plus 16 bps
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| Trade date: | April 21
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| Price talk: | SOFR plus 17 bps area
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