No results found for "".

Commentary & Deal Flow

NEW ISSUE: Kommunalbanken AS £ bmk Oct-30 Sr Unsec; SONIA MS+39a

IGC European Market: Deal Flow - GeneralIGC European Market: Deal Flow - SSA

Issuer

Term

Maturity

Size

Ranking

Type

Guidance

Kommunalbanken AS

Oct-30

22-Oct-30

bmk

Sr Unsec

Fixed

SONIA MS+39a


Guidance: Oct-30: SONIA MS+39a

  • Issuer: Kommunalbanken AS (KBN) (Owned 100% by Kingdom of Norway)
  • Ratings: Aaa/AAA (Moody's/S&P) (both stable)
  • Format: Reg S Bearer, TEFRA C
  • Size: £ Benchmark
  • Settlement: 20-Apr-26
  • Maturity Date: 22-Oct-30
  • Coupon: Fixed, annual, ACT/ACT, short first
  • Guidance: SONIA MS (A, A/365) + 39bps area (currently equivalent to ~UKT 0 ⅜ 22-Oct-30 + 24.0 bps area)
  • Denominations: £100,000 + £1,000
  • Governing Law: English
  • Documentation: Issuer's EMTN Programme
  • Listing: Luxembourg
  • Settlement: Euroclear/Clearstream
  • Lead Managers: Barclays/BMO/Citi (B&D/DM)
  • Target Market: Professional & Eligible Counterparties (all distribution channels, MiFID II/UK MiFIR product governance.
  • Timing: Books open, today's business