Norway based Development Bank Kommunalbanken Norway AS has finalised a private placement in the AUD Fixed Rate Kangaroo Bond market. The financing matures in 2028 and was executed by a single dealer.
A Kangaroo bond is an AUD-denominated bond issued by a non-Australian entity in the Australian Foreign Bond market. This bonds is also called a Matilda bond.
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| Issuer Details | |
| Issuer | Kommunalbanken Norway AS |
| LEI | I7ETN0QQO2AHZZGHJ389 |
| Industry | Government - Development Bank |
| Country | Norway |
| Issuer Description | Kommunalbanken is the Norwegian local government funding agency, established by an Act of Parliament in 1927 to secure low cost funding to the Norwegian local government. Loans are granted solely to Norwegian municipalities and counties, against a government guarantee. Kommunalbanken is fully government owned - 80% directly by the Kingdom of Norway (AAA/Aaa) and 20% by the local government sector.. Kommunalbanken AS provides local government funding services. The Company acts as a state instrumentality for the Norwegian central government by providing low cost loans to the Norwegian local government sector. |
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| Trade Details | |
| Security Type | Bond |
| Amount | AUD [Login to see full details] |
| Total Amount including taps | AUD [Login to see full details] |
| Total Amount Outstanding | AUD [Login to see full details] |
| Total Order Book | AUD [Login to see full details] |
| Structure | Fixed Rate |
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A Kangaroo bond is an AUD-denominated bond issued by a non-Australian entity in the Australian Foreign Bond market. This bonds is also called a Matilda bond.
Check here for all issuer’s year to date financings.