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Kommunalbanken talks $1 billion five-year notes at mid-swaps plus 5 bps area
By Aleesia Forni
Virginia Beach, Oct. 14 – Kommunalbanken AS set price talk for a $1 billion offering of five-year notes (Aaa/AAA/) in the mid-swaps plus 5 basis points area, a market source said.
The sale is being done under Rule 144A and Regulation S.
The bookrunners are Barclays, BNP Paribas Securities Corp., Citigroup Global Markets Inc. and Mizuho Securities.
The government-funded lender to municipalities is based in Oslo.
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