By Cristal Cody
Eureka Springs, Ark., Oct. 26 – Kommunalbanken AS priced $500 million of 1.375% four-year notes at 99.74 to yield 1.442% in an offering that closed on Wednesday, according to a final terms sheet.
The series 5210 notes are due Oct. 26, 2020.
Citigroup Global Markets Inc., Credit Agricole CIB and Skandinaviska Enskilda Banken AB were the managers.
The notes will be listed on the Luxembourg Stock Exchange.
Proceeds from the offering will be allocated within the issuer’s treasury liquidity portfolio to a green project portfolio for investments in eligible projects.
The government-funded lender to municipalities is based in Oslo.
| Issuer: | Kommunalbanken AS
|
| Amount: | $500 million
|
| Description: | Senior notes
|
| Maturity: | Oct. 26, 2020
|
| Bookrunners: | Citigroup Global Markets Inc., Credit Agricole CIB, Skandinaviska Enskilda Banken AB
|
| Coupon: | 1.375%
|
| Price: | 99.74
|
| Yield: | 1.442%
|
| Put option: | None
|
| Trade date: | Oct. 24
|
| Settlement date: | Oct. 26
|
| Ratings: | Moody’s: Aaa
|
| S&P: AAA
|
| Distribution: | Rule 144A, Regulation S
|
© 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.
