By Cristal Cody
Tupelo, Miss., Jan. 8 – Kommunalbanken AS (Aaa/AAA) priced a $750 million Rule 144A and Regulation S offering of two-year senior 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 were the lead managers.
The government-funded lender to municipalities is based in Oslo.
| Issuer: | Kommunalbanken AS
|
| Amount: | $750 million
|
| Description: | Senior floating-rate notes
|
| Maturity: | Feb. 24, 2022
|
| Bookrunners: | BMO Capital Markets Corp., Nomura Securities International, plc and RBC Capital Markets, LLC
|
| Coupon: | Libor plus 8 bps
|
| Trade date: | Jan. 7
|
| Ratings: | Moody’s: Aaa
|
| S&P: AAA
|
| Distribution: | Rule 144A and Regulation S
|
| Price talk: | Libor plus 9 bps area
|
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