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Published on 3/28/2011 in the Prospect News Investment Grade Daily.

New Issue: Eksportfinans sells $100 million 13-month notes to yield one-month Libor plus 6 bps

By Devika Patel

Knoxville, Tenn., March 28 - Eksportfinans ASA priced $100 million of floating-rate notes due April 24, 2012 on Thursday at par to yield one-month Libor plus 6 basis points, according to a 424B5 filing with the Securities and Exchange Commission. The issuer sold another $100 million of similar notes in February.

Interest is payable monthly.

The securities will be sold in $100,000 increments.

Barclays Capital Inc. was agent.

The funding agency for Norway's export industry is based in Oslo.

Issuer:Eksportfinans ASA
Issue:Floating-rate notes
Amount:$100 million
Maturity:April 24, 2012
Agent:Barclays Capital Inc.
Coupon:One-month Libor plus 6 bps
Price:Par of $100,000
Yield:One-month Libor plus 6 bps
Trade date:March 24
Settlement date:March 29

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