By Cristal Cody
Chicago, Feb. 29 – Kommunalbanken AS priced $600 million of four-year floating-rate notes at par on Wednesday, according to a notice.
The coupon is SOFR plus 40 basis points.
The notes, due March 3, 2028, priced on top of talk in SOFR plus 40 bps area, according to a market source.
BMO, Scotia and HSBC were 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: | $600 million
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| Issue: | Floating-rate notes
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| Maturity: | March 3, 2028
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| Bookrunners: | BMO, Scotia and HSBC
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| Coupon: | SOFR plus 40 bps
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| Price: | Par
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| Yield: | SOFR plus 40 bps
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| Trade date: | Feb. 28
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| Distribution: | Rule 144A and Regulation S
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| Price talk: | SOFR plus 40 bps area
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