Published on 10/13/2021 in the Prospect News Investment Grade Daily.
New Issue: Kommunalbanken sells $500 million floaters due 2023 at 104.086
By Devika Patel
Knoxville, Tenn., Oct. 13 – Kommunalbanken AS (Aaa/AAA) sold $500 million of floating-rate notes due Oct. 27, 2023 at 104.086 with a coupon based on SOFR, according to a market announcement.
BMO Capital Markets Corp. was the bookrunner.
The Helsinki, Finland-based credit institution provides funding for the public sector in Finland.
| Issuer: | Kommunalbanken AS
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| Amount: | $500 million
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| Description: | Floating-rate notes
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| Maturity: | Oct. 27, 2023
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| Bookrunner: | BMO Capital Markets Corp.
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| Coupon: | SOFR plus a spread
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| Price: | 104.086
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| Announcement date: | Oct. 13
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| Ratings: | Moody’s: Aaa
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| S&P: AAA
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