By Andrea Heisinger
New York, April 28 - Kommunalbanken AS gave partial terms for its $1.5 billion of 2.75% five-year notes that priced on Tuesday, according to a news release from the London Stock Exchange.
The notes (Aaa/AAA/) are non-callable and were sold under Rule 144A and Regulation S.
Bookrunners were Deutsche Bank Securities, Bank of America Merrill Lynch, J.P. Morgan Securities and Mizuho Securities.
The bank provides low-cost funding to municipalities and is based in Oslo.
| Issuer: | Kommunalbanken AS
|
| Issue: | Notes
|
| Amount: | $1.5 billion
|
| Maturity: | 2015
|
| Bookrunners: | Bank of America Merrill Lynch, Deutsche Bank Securities, J.P. Morgan Securities, Mizuho Securities
|
| Coupon: | 2.75%
|
| Price: | 99.436
|
| Call: | Non-callable
|
| Distribution: | Rule 144A and Registration S
|
| Trade date: | April 27
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
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