Kommunalbanken has priced a syndicated USD denominated Global market bond which matures in 2028.
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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 | MTN |
Amount | USD [Login to see full details] |
Total Amount including taps | USD [Login to see full details] |
Total Amount Outstanding | USD [Login to see full details] |
Total Order Book | USD [Login to see full details] |
Structure | Floating Rate |
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A Global Distribution bond is a bond issued in a form that allows it to be traded in both the relevant local (onshore) and the offshore international, also called eurobond, market. To allow for this Global Market bonds typically have two ISINs, one for clearing in the local onshore market and one for clearing in the offshore international eurobond market. It can be denominated in any freely tradeable currency.
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