Kommunalbanken to price dollar three-year floating-rate notes

By Devika Patel

Knoxville, Tenn., May 3 – Kommunalbanken AS intends to sell U.S. dollar-denominated floating-rate notes due June 16, 2020 at par, according to a press release.

Toronto-Dominion Bank, Barclays and Daiwa Capital Markets Europe Ltd. are the stabilizing managers for the notes, which are expected to have a stabilization period from May 3 through June 9.

The notes will be sold under Rule 144A and Regulation S.

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

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