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Kommunalbanken launches upsized $500 million five-year floater at Libor plus 7 bps
By Aleesia Forni
Virginia Beach, March 10 – Kommunalbanken AS launched an upsized $500 million offering of five-year floating-rate notes (Aaa/AAA/) in line with talk on Tuesday at Libor plus 7 basis points, a market source said.
The deal was upsized from $300 million.
Nomura, RBC Capital Markets LLC and RBS Securities Inc. are the bookrunners for the Rule 144A and Regulation S offering.
The government-funded lender to municipalities is based in Oslo.
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