By Andrea Heisinger
New York, July 31 - Denmark's KommuneKredit reopened an issue of floating-rate notes due in April of 2014 on Tuesday to add $308 million, a market source said.
The notes (Aaa/AAA/) were priced at 100.271 with a coupon of Libor plus 20 basis points.
Total outstanding will be $1 billion.
UBS Securities LLC was the bookrunner.
The credit institution for local and regional authorities in Denmark is based in Copenhagen.
| Issuer: | KommuneKredit
|
| Issue: | Floating-rate notes, reopened
|
| Amount: | $308 million
|
| Maturity: | April 23, 2014
|
| Bookrunner: | UBS Securities LLC
|
| Coupon: | Libor plus 20 bps
|
| Price: | 100.271
|
| Trade date: | July 31
|
| Settlement date: | Aug. 8
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
| Total issuance: | $1 billion
|
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