By Devika Patel
Knoxville, Tenn., March 7 – Kommunalbanken AS (Aaa/AAA) priced $500 million more of its senior floating-rate notes due March 12, 2021 with a coupon of Libor plus 4 basis points on Thursday, lifting the size of the issue to $1.2 billion, according to a press release.
BofA Merrill Lynch, BMO Capital Markets Corp. and BNP Paribas Securities Corp. were the bookrunners.
The company originally sold $700 million of the floaters on Jan. 30 with a coupon of Libor plus 4 bps. The total outstanding is now $1.2 billion.
The Helsinki, Finland-based credit institution provides funding for the public sector in Finland.
| Issuer: | Kommunalbanken AS
|
| Amount: | $500 million reopening
|
| Description: | Floating-rate notes
|
| Maturity: | March 12, 2021
|
| Bookrunners: | BofA Merrill Lynch, BMO Capital Markets Corp. and BNP Paribas Securities Corp.
|
| Coupon: | Libor plus 4 bps
|
| Trade date: | March 7
|
| Settlement date: | March 15
|
| Ratings: | Moody’s: Aaa
|
| S&P: AAA
|
| Distribution: | Rule 144A and Regulation S
|
| Total outstanding: | $1.2 billion, including $700 million priced on Jan. 30 at Libor plus 4 bps
|
© 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.
