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Commentary & Deal Flow

SSA PRICED: KBN US$1bn long 3y Sr Notes @SOFR MS+28

IGC European Market: Deal Flow - SSAIGC US Market: Deal Flow - SSA

Kommunalbanken Norway (KBN) exp Aaa/AAA (s/s) US$1bn 144A/Reg S long 3y FXD sr unsec notes due 11/15/29. Barc/BofA/HSBC (B&D)/NBCCM joint bookrunners. Denoms: 200,000 x 2,000. Governing Law: English. Listing: Luxembourg Stock Exchange’s Regulated Market. Pricing 09/10. Settle 09/17 (T+5). 144A ISIN: US50048MDX56. Reg S ISIN: XS3507773698.
IPTs: SOFR MS+29 area (currently equiv to CT3+10.6).
GUIDANCE: SOFR MS+29 area. IOIs are in excess of $1bn (incl. $75m JLM interest).
UPDATE: Spread set at SOFR MS+28. Orderbook in excess of $1.5bn (incl. $75mm JLM).
LAUNCHED: $1bn L3y at SOFR MS+28. Orderbook closed in excess of USD 1.6bn (incl. 75m JLM).
PRICED: $1bn 4.625% 11/15/29 99.765 4.702% T+9.9. SOFR MS+28 (T+9.9).