By Aleesia Forni
Virginia Beach, Va., Aug. 29 - Kommunalbanken AS reopened its issue of floating-rate notes due March 18, 2016 to add $300 million, an informed source said on Wednesday.
The coupon is Libor plus 8.15 basis points. Pricing was at par.
Total issuance will be $950 million.
Credit Suisse Securities, Nomura Securities and TD Securities were the bookrunners.
The government-funded lender to municipalities is based in Oslo.
| Issuer: | Kommunalbanken AS
|
| Issue: | Notes, reopened
|
| Amount: | $300 million
|
| Maturity: | March 18, 2016
|
| Bookrunners: | Credit Suisse Securities, Nomura Securities, TD Securities
|
| Coupon: | Libor plus 8.15 bps
|
| Price: | Par
|
| Yield: | Libor plus 8.15 bps
|
| Trade date: | Aug. 29
|
| Total issuance: | $950 million
|
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