By Marisa Wong and Cristal Cody
Los Angeles, Aug. 24 – Kommunalbanken AS priced $1.25 billion of 4.5% notes due Sept. 1, 2028 at SOFR mid-swaps plus 44 basis points, or Treasuries plus 23.6 bps, on Wednesday, according to a market source.
The Rule 144A and Regulation S notes were talked at the SOFR mid-swaps plus 46 bps area, as previously reported.
BMO Capital Markets Corp., Nomura, Scotia and TD Securities are the bookrunners.
Oslo-based Kommunalbanken provides funding to municipalities.
| Issuer: | Kommunalbanken AS
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| Amount: | $1.25 billion
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| Issue: | Notes
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| Maturity: | Sept. 1, 2028
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| Bookrunners: | BMO Capital Markets Corp., Nomura, Scotia and TD Securities
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| Coupon: | 4.5%
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| Spread: | SOFR mid-swaps plus 44 bps, or Treasuries plus 23.6 bps
|
| Pricing date: | Aug. 23
|
| Distribution: | Rule 144A and Regulation S
|
| Price talk: | SOFR mid-swaps plus 46 bps area
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