By Aleesia Forni
Virginia Beach, Oct. 15 – Kommunalbanken AS sold a $1 billion offering of 1.5% five-year notes (Aaa/AAA/) at 99.904 to yield mid-swaps plus 5 basis points on Wednesday, a market source said.
Pricing was in line with talk.
The sale was done under Rule 144A and Regulation S.
The bookrunners were Barclays, BNP Paribas Securities Corp., Citigroup Global Markets Inc. and Mizuho Securities.
The government-funded lender to municipalities is based in Oslo.
Issuer: | Kommunalbanken AS
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Amount: | $1 billion
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Description: | Notes
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Maturity: | Oct. 22, 2019
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Bookrunners: | Barclays, BNP Paribas Securities Corp., Citigroup Global Markets Inc., Mizuho Securities
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Coupon: | 1.5%
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Price: | 99.904
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Spread: | Mid-swaps plus 5 bps
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Trade date: | Oct. 15
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Settlement date: | Oct. 22
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Ratings: | Moody’s: Aaa
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| Standard & Poor's: AAA
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Distribution: | Rule 144A, Regulation S
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Price talk: | Mid-swaps plus 5 bps area
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