By Marisa Wong and Cristal Cody
Los Angeles, March 14 – Kommuninvest priced $1 billion of 4.5% notes due Sept. 30, 2026 at 99.788 to yield 4.589%, or SOFR mid-swaps plus 27 basis points, or Treasuries plus 23.8 bps, according to a market source.
Revised guidance was firmed 1 bp from talk to the SOFR mid-swaps plus 28 bps area.
The final order book for the offering, Kommuninvest’s first dollar deal of the year, was $2.8 billion.
Citi, Nomura, Nordea and TD were the bookrunners.
The Rule 144A and Regulation S offering will settle on March 20.
Kommuninvest offers funding to municipalities in Sweden.
| Issuer: | Kommuninvest
|
| Amount: | $1 billion
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| Issue: | Notes
|
| Maturity: | Sept. 30, 2026
|
| Bookrunners: | Citi, Nomura, Nordea and TD
|
| Coupon: | 4.5%
|
| Price: | 99.788
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| Yield: | 4.589%
|
| Spread: | SOFR mid-swaps plus 27 bps, or Treasuries plus 23.8 bps
|
| Pricing date: | March 13
|
| Settlement date: | March 20
|
| Distribution: | Rule 144A and Regulation S
|
| Price talk: | Guidance in SOFR mid-swaps plus 28 bps area; initial price talk in SOFR mid-swaps plus 29 bps area
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