By Andrea Heisinger
New York, May 29 - Kommunalbanken AS reopened its issue of 0.375% notes (Aaa/AAA/) due April 10, 2015 on Wednesday to add $500 million, an informed source said.
Pricing was at 99.912 to yield 0.423% with a spread of mid-swaps minus 1 basis point, or Treasuries plus 13 bps.
Total issuance will be $2 billion.
Bookrunners were BofA Merrill Lynch, Citigroup Global Markets Inc. and Morgan Stanley & Co. LLC.
Pricing was done under Rule 144A and Regulation S.
The government-funded lender to municipalities is based in Oslo.
| Issuer: | Kommunalbanken AS
|
| Issue: | Notes, reopened
|
| Amount: | $500 million
|
| Maturity: | April 10, 2015
|
| Bookrunners: | BofA Merrill Lynch, Citigroup Global Markets Inc., Morgan Stanley & Co. LLC
|
| Coupon: | 0.375%
|
| Price: | 99.912
|
| Yield: | 0.423%
|
| Spread: | Mid-swaps minus 1 bp, Treasuries plus 13 bps
|
| Distribution: | Rule 144A, Regulation S
|
| Trade date: | May 29
|
| Settlement date: | June 5
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
| Total issuance: | $2 billion
|
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