By Cristal Cody
Chicago, Oct. 19 – Kommunalbanken AS sold $1.25 billion of 1.125% five-year notes in the Rule 144A and Regulation S markets on Tuesday, a market source reported.
The notes priced with a mid-swaps plus 23 basis points spread, slightly lower than talk in the mid-swaps plus 24 bps area.
Alternatively, the notes were sold with a spread of 8.75 bps over Treasuries.
BMO, Citigroup, Deutsche Bank and TD are the stabilization managers.
Oslo-based Kommunalbanken provides funding to municipalities.
| Issuer: | Kommunalbanken AS
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| Issue: | Notes
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| Amount: | $1.25 billion
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| Maturity: | Oct. 26, 2026
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| Bookrunners: | BMO, Citigroup, Deutsche Bank and TD
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| Coupon: | 1.125%
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| Price: | 99.478
|
| Spread: | Mid-swaps plus 23 bps, or Treasuries plus 8.75 bps
|
| Trade date: | Oct. 19
|
| Distribution: | Rule 144A and Regulation S
|
| Price talk: | Mid-swaps plus 24 bps area
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