Kommunalbanken launches $750 million offering of two-year floaters at Libor plus 8 bps

By Cristal Cody

Tupelo, Miss., Jan. 7 – Kommunalbanken AS (Aaa/AAA) launched a $750 million Rule 144A and Regulation S offering of two-year floating-rate notes on Tuesday at Libor plus 8 basis points, according to a market source.

The notes due Feb. 24, 2022 were initially talked to price in the Libor plus 9 bps area.

BMO Capital Markets Corp., Nomura Securities International, plc and RBC Capital Markets, LLC are the lead managers.

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

© 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.