By Andrea Heisinger
New York, May 22 - Kommunalbanken AS reopened its issue of floating-rate notes due Feb. 20, 2018 (Aaa/AAA/) to add $250 million, a market source said on Wednesday.
The coupon is Libor plus 18 basis points. Pricing was at 100.45 to yield Libor plus 15 bps.
Total issuance will be $1.15 billion, including $900 million sold in two previous offerings.
Goldman Sachs International was the bookrunner.
The government-funded lender to municipalities is based in Oslo.
| Issuer: | Kommunalbanken AS
|
| Issue: | Notes, reopened
|
| Amount: | $250 million
|
| Maturity: | Feb. 20, 2018
|
| Bookrunner: | Goldman Sachs International
|
| Coupon: | Libor plus 18 bps
|
| Price: | 100.45
|
| Yield: | Libor plus 15 bps
|
| Trade date: | May 22
|
| Settlement date: | May 30
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
| Total issuance: | $1.15 billion, including $900 million sold in two previous issues
|
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