Kommunalbanken plans to sell five-year notes via four managers; talk mid-swaps plus 24 bps area

By Devika Patel and Cristal Cody

Knoxville, Tenn., Oct. 19 – Kommunalbanken AS plans a Rule 144A and Regulation S offering of five-year fixed-rate notes, according to a market announcement.

The notes due Oct. 26, 2026 are talked in the mid-swaps plus 24 basis points area, a market source told Prospect News.

BMO, Citigroup, Deutsche Bank and TD are the stabilization managers.

Oslo-based Kommunalbanken provides funding to municipalities.

© 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.