By Andrea Heisinger
New York, April 24 - Kommunalbanken Norway reopened its issue of floating-rate notes due March 27, 2017 to add $200 million, a market source said.
The notes (Aaa/AAA/) were priced at 100.022.
Total issuance is $500 million, including $300 million previously sold, the source said.
The deal was done under Rule 144A and Regulation S.
Deutsche Bank Securities Inc., Goldman Sachs & Co. and HSBC Securities (USA) Inc. were the bookrunners.
The government-funded lender to municipalities is based in Oslo.
Issuer: | Kommunalbanken Norway
|
Issue: | Floating-rate notes, reopened
|
Amount: | $200 million
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Maturity: | March 27, 2017
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Bookrunners: | Deutsche Bank Securities Inc., Goldman Sachs & Co., HSBC Securities (USA) Inc.
|
Coupon: | Libor plus 38 bps
|
Price: | 100.022
|
Distribution: | Rule 144A, Regulation S
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Trade date: | April 24
|
Settlement date: | May 2
|
Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
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Total issuance: | $500 million, including $300 million previously issued
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