By Aleesia Forni
Virginia Beach, Jan. 7 – KommuneKredit priced $1 billion of 1.125% three-year notes (Aaa/AAA/) on Wednesday at 99.96 to yield mid-swaps plus 3 basis points, a market source said.
The bookrunners were BNP Paribas Securities Corp., Citigroup Global Markets Inc., Credit Suisse Securities and J.P. Morgan Securities LLC.
Pricing was in line with talk.
The notes were sold via Regulation S.
KommuneKredit offers funding and leasing services to municipalities and is based in Copenhagen.
| Issuer: | KommuneKredit
|
| Amount: | $1 billion
|
| Description: | Notes
|
| Maturity: | Jan. 16, 2018
|
| Bookrunners: | BNP Paribas Securities Corp., Citigroup Global Markets Inc., Credit Suisse Securities, J.P. Morgan Securities LLC
|
| Coupon: | 1.125%
|
| Price: | 99.96
|
| Spread: | Mid-swaps plus 3 bps
|
| Trade date: | Jan. 7
|
| Ratings: | Moody’s: Aaa
|
| Standard & Poor’s: AAA
|
| Distribution: | Regulation S
|
| Price talk: | Mid-swaps plus 3 bps area
|
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