By Andrea Heisinger
New York, March 4 - Kommunalbanken Norway sold $250 million of three-year floating-rate notes at par to yield three-month Libor plus 12 basis points, a source away from the sale said.
The notes (Aaa/AAA/) were priced under Rule 144A.
UBS Securities LLC was the bookrunner.
The government-funded lender to municipalities is based in Oslo.
| Issuer: | Kommunalbanken Norway
|
| Issue: | Floating-rate notes
|
| Amount: | $250 million
|
| Maturity: | March 10, 2014
|
| Bookrunner: | UBS Securities LLC
|
| Coupon: | Three-month Libor plus 12 bps
|
| Price: | Par
|
| Yield: | Three-month Libor plus 12 bps
|
| Distribution: | Rule 144A
|
| Trade date: | March 3
|
| Settlement date: | March 10
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
© 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.
