Kommunalbanken plans five-year notes; World Bank eyes five-year notes; TD prices floaters

By Devika Patel

Knoxville, Tenn., Jan. 18 –Wednesday’s investment-grade bond market started busy then slowed to a crawl in the afternoon and evening.

The morning saw Oslo-based government-funded lender Kommunalbanken AS announcing an offering of five-year notes to be sold under Rule 144A and Regulation S. J.P. Morgan Securities LLC is the stabilization manager with Citigroup Global Markets Inc., Nomura and RBC Capital Markets Corp.

Also, Washington, D.C.’s International Bank for Reconstruction and Development said it will price an offering of five-year global benchmark notes. J.P. Morgan Securities LLC is stabilization coordinator with Barclays, BMO Capital Markets Corp. and TD Securities (USA) LLC.

The last offering of the day was from Toronto-Dominion Bank, which priced $1 billion of two-year floating-rate senior notes. The notes bear interest at Libor plus 42 basis points and mature on Jan. 18, 2019. TD Securities (USA) LLC and Morgan Stanley & Co. LLC were the bookrunners.

© 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.