Kommunalbanken talks notes due 2021 at Libor plus 5 bps area

By Cristal Cody

Tupelo, Miss., Jan. 29 – Kommunalbanken AS (Aaa/AAA) plans to price an offering of senior floating-rate notes on Tuesday, according to a market source.

The Rule 144A and Regulation S notes due March 12, 2021 were initially talked to price in the Libor plus 5 basis points area.

Citigroup Global Markets Inc., J.P. Morgan Securities and TD Securities (USA) LLC are the lead managers.

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

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