Published on 11/21/2014 in the Prospect News Investment Grade Daily.
New Issue: Kommuninvest sells $500 million floaters due 2018 at Libor plus 3 bps
By Aleesia Forni
Virginia Beach, Nov. 21 – Kommuninvest i Sverige AB priced $500 million of four-year floating-rate notes (Aaa/AAA/AAA) par to yield Libor plus 3 basis points on Friday, an informed source said.
Citigroup Global Markets Inc., Nomura and RBS Securities Inc. were the bookrunners for the Rule 144A and Regulation S deal.
Kommuninvest offers funding to municipalities of Sweden and is based in Orebro.
| Issuer: | Kommuninvest I Sverige Aktibolag
|
| Amount: | $500 million
|
| Description: | Notes
|
| Maturity: | 2018
|
| Bookrunners: | Citigroup Global Markets Inc., Nomura, RBS Securities Inc.
|
| Coupon: | Libor plus 3 bps
|
| Price: | Par
|
| Yield: | Libor plus 3 bps
|
| Trade date: | Nov. 21
|
| Ratings: | Moody’s: Aaa
|
| Standard & Poor's: AAA
|
| Fitch: AAA
|
| Distribution: | Rule 144A and Regulation S
|
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