By Andrea Heisinger
New York, Sept. 24 - Kommuninvest i Sverige priced $500 million of three-year floating-rate notes on Monday to yield Libor plus 4 basis points, a market source said.
The notes (Aaa/AAA/) were sold at 99.97 with a coupon of Libor plus 3 bps. Pricing was in line with guidance.
J.P. Morgan Securities LLC and Nomura Securities International Inc. were the bookrunners.
Kommuninvest offers funding to municipalities of Sweden and is based in Orebro.
| Issuer: | Kommuninvest i Sverige
|
| Issue: | Floating-rate notes
|
| Amount: | $500 million
|
| Maturity: | Oct. 1, 2015
|
| Bookrunners: | J.P. Morgan Securities LLC, Nomura Securities International Inc.
|
| Coupon: | Libor plus 3 bps
|
| Price: | 99.97
|
| Yield: | Libor plus 4 bps
|
| Trade date: | Sept. 24
|
| Settlement date: | Oct. 1
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
| Price talk: | Libor plus 4 bps yield
|
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