Kommunalbanken sets talk for $500 million 10-year green bonds

By Aleesia Forni

Virginia Beach, Feb. 3 – Kommunalbanken AS set price talk for a planned $500 million offering of 10-year green bonds (Aaa/AAA/) in the mid-swaps plus high-teens basis points area, a market source said.

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

The bookrunners are BofA Merrill Lynch, HSBC, J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC.

Proceeds will be used to fund climate-friendly projects.

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

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