By Cristal Cody
Tupelo, Miss., June 12 – Kommunalbanken AS (Aaa/AAA) priced $1.5 billion of 2% five-year notes on Wednesday at spread of mid-swaps plus 15 basis points, or Treasuries plus 15.6 bps, according to a market source.
The notes were initially talked to price in the mid-swaps plus 17 bps area.
Citigroup Global Markets Inc., J.P. Morgan Securities LLC and NatWest Markets Securities 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: | $1.5 billion
|
| Description: | Notes
|
| Maturity: | June 19, 2024
|
| Bookrunners: | Citigroup Global Markets Inc., J.P. Morgan Securities LLC and NatWest Markets Securities Inc.
|
| Coupon: | 2%
|
| Spread: | Mid-swaps plus 15 bps, or Treasuries plus 15.6 bps
|
| Trade date: | June 12
|
| Ratings: | Moody’s: Aaa
|
| S&P: AAA
|
| Distribution: | Rule 144A and Regulation S
|
| Price talk: | Mid-swaps plus 17 bps area
|
© 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.
