By Cristal Cody
Chicago, Sept. 23 – DNB Bank ASA sold a $2 billion offering of notes in two parts, a market source reported.
The bank sold a $1.25 billion tranche of 0.856% four-year notes at a Treasuries plus 33 basis points spread, low to talk in the 50 bps to 55 bps area.
The company sold a $750 million tranche due March 30, 2028 with a 1.605% coupon for a Treasuries plus 68 bps spread. Talk had the notes marketed in the Treasuries plus 90 bps area on Thursday morning.
Barclays, Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC and RBC Capital Markets LLC are the bookrunners.
The financial services company is based in Oslo.
| Issuer: | DNB Bank ASA
|
| Issue: | Notes
|
| Amount: | $2 billion
|
| Bookrunners: | Barclays, Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC and RBC Capital Markets LLC
|
| Trade date: | Sept. 23
|
|
|
| Four-year notes
|
| Amount: | $1.25 billion
|
| Maturity: | Sept. 30, 2025
|
| Coupon: | 0.856%
|
| Spread: | Treasuries plus 33 bps
|
| Price talk: | Treasuries plus 50 bps to 55 bps area
|
|
|
| Seven-year notes
|
| Amount: | $750 million
|
| Maturity: | March 30, 2028
|
| Coupon: | 1.605%
|
| Spread: | Treasuries plus 68 bps
|
| Price talk: | Treasuries plus 90 bps area
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
