By Cristal Cody
Tupelo, Miss., March 12 – Kommunalbanken AS (Aaa/AAA) priced $750 million of senior floating-rate notes due April 15, 2021 on Tuesday at Libor plus 4 basis points, according to a market source.
The notes were initially talked to price in the Libor plus 4 bps area.
Citigroup Global Markets Inc., J.P. Morgan Securities LLC and Nomura Securities International, Inc. were the lead managers of the Rule 144A and Regulation S offering.
The government-funded lender to municipalities is based in Oslo.
| Issuer: | Kommunalbanken AS
|
| Amount: | $750 million
|
| Description: | Senior floating-rate notes
|
| Maturity: | April 15, 2021
|
| Bookrunners: | Citigroup Global Markets Inc., J.P. Morgan Securities LLC and Nomura Securities International, Inc.
|
| Coupon: | Libor plus 4 bps
|
| Trade date: | March 12
|
| Ratings: | Moody’s: Aaa
|
| S&P: AAA
|
| Distribution: | Rule 144A and Regulation S
|
| Price talk: | Libor plus 4 bps area
|
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