New Issue: Kommunalbanken sells $500 million floaters due 2019 at Libor plus 13 bps

By Aleesia Forni

Virginia Beach, April 24 - Kommunalbanken AS sold $500 million of floating-rate notes (Aaa/AAA/) due 2019 at par to yield Libor plus 13 basis points, a market source said.

The sale was done under Rule 144A and Regulation S.

The bookrunners were Barclays, J.P. Morgan Securities LLC and RBS Securities Inc.

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

Issuer:	Kommunalbanken AS
Amount:	$500 million
Description:	Notes
Maturity:	May 2, 2019
Bookrunners:	Barclays, J.P. Morgan Securities LLC, RBS Securities Inc.
Coupon:	Libor plus 13 bps
Price:	Par
Yield:	Libor plus 13 bps
Trade date:	April 24
Settlement date:	May 2
Ratings:	Moody's: Aaa
	Standard & Poor's: AAA
Distribution:	Rule 144A, Regulation S

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