Kommunalbanken preps $300 million tap of floaters due 2018

By Aleesia Forni

Virginia Beach, Feb. 12 - Kommunalbanken AS is in the market Wednesday with a $300 million add-on to its existing floating-rate notes (Aaa/AAA/) due Feb. 20, 2018, a market source said.

The sale is being done under Rule 144A and Regulation S.

The bookrunners are Credit Agricole, Citigroup Global Markets Inc. and Deutsche Bank Securities Inc.

The floaters carry a coupon of Libor plus 18 basis points. Total issuance is currently $1.15 billion sold in three previous offerings.

The government-funded lender to municipalities is based in Oslo.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.