Published on 4/16/2014 in the Prospect News Investment Grade Daily.
New Issue: Denmark's KommuneKredit prices $700 million three-year floaters at Libor plus 8 bps
By Aleesia Forni
Virginia Beach, April 16 - KommuneKredit priced $700 million issue 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 BofA Merrill Lynch and Credit Agricole.
KommuneKredit offers funding and leasing services to municipalities and is based in Copenhagen.
| Issuer: | KommuneKredit
|
| Amount: | $700 million
|
| Description: | Floating-rate notes
|
| Maturity: | April 15, 2017
|
| Bookrunners: | BofA Merrill Lynch, Credit Agricole
|
| Coupon: | Libor plus 8 bps
|
| Price: | Par
|
| Yield: | Libor plus 8 bps
|
| Trade date: | April 16
|
| Settlement date: | April 25
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
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