Published on 7/8/2014 in the Prospect News Investment Grade Daily.
New Issue: Kommuninvest sells $300 million floaters due 2016 at Libor plus 4 bps
By Aleesia Forni
Virginia Beach, July 8 – Sweden's Kommuninvest i Sverige AB priced $300 million of floating-rate notes due Jan. 15, 2016 on Tuesday at par to yield Libor plus 4 basis points, an informed source said.
BofA Merrill Lynch, Deutsche Bank Securities Inc. and Morgan Stanley & Co. LLC were the bookrunners.
Kommuninvest offers funding to municipalities of Sweden and is based in Orebro.
| Issuer: | Kommuninvest i Sverige AB
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| Amount: | $300 million
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| Description: | Notes
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| Maturity: | Jan. 15, 2016
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| Bookrunners: | BofA Merrill Lynch, Deutsche Bank Securities Inc., Morgan Stanley & Co. LLC
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| Coupon: | Libor plus 4 bps
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| Price: | Par
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| Yield: | Libor plus 4 bps
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| Trade date: | July 8
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| Settlement date: | July 14
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