By Aleesia Forni
Virginia Beach, May 28 – Kommunalbanken AS priced a $300 million tap of its existing floating-rate notes (Aaa/AAA/) due March 17, 2020 to yield Libor plus 6 basis points, according to a market source.
The notes carry a coupon of Libor plus 7 bps.
The original $500 million offering priced on March 10.
Bookrunners were BNP Paribas Securities Corp., Citigroup Global Markets Inc. and Credit Suisse Securities (USA) LLC.
The government-funded lender to municipalities is based in Oslo.
| Issuer: | Kommunalbanken AS
|
| Amount: | $300 million
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| Description: | Tap of floating-rate notes
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| Maturity: | March 17, 2020
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| Bookrunners: | BNP Paribas Securities Corp., Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC
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| Coupon: | Libor plus 7 bps
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| Yield: | Libor plus 6 bps
|
| Trade date: | May 27
|
| Ratings: | Moody’s: Aaa
|
| Standard & Poor’s: AAA
|
| Price guidance: | Libor plus 6 bps area
|
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