By Cristal Cody
Chicago, Jan. 13 – Kommunalbanken Norway priced $1.25 billion of 1.5% five-year notes at 99.402 on Wednesday, based on information from a market source and a stabilization notice.
Pricing on the spread came on top of launch talk, at SOFR mid-swaps plus 27 basis points, or alternatively Treasuries plus 12.8 bps.
Initial price talk was in the SOFR mid-swaps plus 29 bps area.
BofA, HSBC, J.P. Morgan AG and RBC CM are bookrunners for the Rule 144A and Regulation S offering.
The local government funding agency is based in Oslo.
| Issuer: | Kommunalbanken Norway
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| Amount: | $1.25 billion
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| Issue: | Notes
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| Maturity: | Jan. 20, 2027
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| Bookrunners: | BofA, HSBC, J.P. Morgan AG and RBC CM
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| Coupon: | 1.5%
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| Price: | 99.402
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| Spread: | SOFR mid-swaps plus 27 bps, or Treasuries plus 12.8 bps
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| Trade date: | Jan. 12
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| Distribution: | Rule 144A and Regulation S
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| Price talk: | SOFR mid-swaps plus 29 bps area
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