New Issue: Kommuninvest prices $1 billion of 1.625% notes due 2023 at mid-swaps plus 11 bps

By Cristal Cody

Tupelo, Miss., Nov. 14 – Kommuninvest I Sverige AB (Aaa/AAA) priced $1 billion of 1.625% environmental, social and governance bonds due April 24, 2023 on Wednesday at mid-swaps plus 11 basis points, or a spread of Treasuries plus 9.55 bps, according to a market source.

Initial talk was in the mid-swaps plus 14 bps area.

Barclays, BNP Paribas Securities Corp., Nomura Securities International, plc and Nordea Bank AB were the bookrunners for the Rule 144A and Regulation S offering.

Kommuninvest is an Orebro-based company that offers funding to municipalities of Sweden.

Issuer:	Kommuninvest I Sverige AB
Amount:	$1 billion
Description:	Environmental, social and governance bonds
Maturity:	April 24, 2023
Bookrunners:	Barclays, BNP Paribas Securities Corp., Nomura Securities International, plc and Nordea Bank AB
Coupon:	1.625%
Spread:	Mid-swaps plus 11 bps, or Treasuries plus 9.55 bps
Trade date:	Nov. 13
Ratings:	Moody’s: Aaa
	S&P: AAA
Distribution:	Rule 144A and Regulation S
Price talk:	Mid-swaps plus 14 bps area

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.