By Cristal Cody
Chicago, Oct. 19 – Kommunalbanken AS sold $1 billion of 4.625% three-year notes on Tuesday, according to a market source.
The notes priced at SOFR mid-swaps plus 41 basis points, or alternatively at Treasuries plus 25.4 bps.
The notes were talked in the SOFR mid-swaps plus 43 basis points area.
Barclays, Daiwa, Deutsche Bank and TD Securities are working as bookrunners on the Rule 144A and Regulation S deal.
Oslo-based Kommunalbanken provides funding to municipalities.
| Issuer: | Kommunalbanken AS
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| Amount: | $1 billion
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| Issue: | Notes
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| Maturity: | Oct. 24, 2025
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| Bookrunners: | Barclays, Daiwa, Deutsche Bank and TD Securities
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| Coupon: | 4.625%
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| Price: | 99.95
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| Spread: | SOFR mid-swaps plus 41 bps, or Treasuries plus 25.4 bps
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| Trade date: | Oct. 18
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| Distribution: | Rule 144A and Regulation S
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| Price talk: | SOFR mid-swaps plus 43 bps area
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| ISIN: | XS2549048481
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