By Devika Patel and Cristal Cody
Knoxville, Tenn., Jan. 8 – Kommunalbanken Norway priced $2 billion of 0.5% five-year notes in a Regulation S and Rule 144A offering on Wednesday, according to a market source.
The bonds priced at mid-swaps plus 9 basis points, or Treasuries plus 15.1 bps. The notes were talked in the mid-swaps plus 10 bps area, with initial talk at mid-swaps plus 11 bps area.
BNP Paribas, JPMorgan, Nomura and RBC were the bookrunners.
Oslo-based Kommunalbanken provides funding to municipalities.
| Issuer: | Kommunalbanken Norway
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| Issue: | Notes
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| Amount: | $2 billion
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| Maturity: | Jan. 13, 2026
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| Bookrunners: | BNP Paribas, JPMorgan, Nomura and RBC
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| Coupon: | 0.5%
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| Spread: | Mid-swaps plus 9 bps
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| Pricing date: | Jan. 6
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| Distribution: | Regulation S and Rule 144A
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| Price guidance: | Mid-swaps plus 10 bps area, initial talk at mid-swaps plus 11 bps area
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