Published on 9/26/2012 in the Prospect News Investment Grade Daily.
New Issue: Denmark's KommuneKredit sells $500 million of three-year floaters to yield Libor plus 8 bps
By Andrea Heisinger
New York, Sept. 26 - KommuneKredit priced $500 million of three-year floating-rate notes (Aaa/AAA/) on Wednesday at par to yield Libor plus 8 basis points, a market source said.
The bookrunners were BNP Paribas Securities Corp. and Credit Suisse Securities (USA) LLC.
KommuneKredit offers funding and leasing services to municipalities and is based in Copenhagen.
| Issuer: | KommuneKredit
|
| Issue: | Floating-rate notes
|
| Amount: | $500 million
|
| Maturity: | Oct. 5, 2015
|
| Bookrunners: | BNP Paribas Securities Corp., Credit Suisse Securities (USA) LLC
|
| Coupon: | Libor plus 8 bps
|
| Price: | Par
|
| Yield: | Libor plus 8 bps
|
| Call: | Non-callable
|
| Trade date: | Sept. 26
|
| Settlement date: | Oct. 3
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
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