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Kommunalbanken offers $1 billion two-year notes at mid-swaps flat area
By Cristal Cody
Tupelo, Miss., March 19 – Kommunalbanken AS (Aaa/AAA) intends to price $1 billion of notes due April 17, 2020 in a Rule 144A and Regulation S offering on Tuesday, according to a market source.
The notes were initially talked to price in the mid-swaps flat area.
BMO Capital Markets Corp., Citigroup Global Markets Inc. and TD Securities (USA) LLC are the lead managers.
The government-funded lender to municipalities is based in Oslo.
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