KBN’s funding program
KBN maintains the highest possible credit rating, (Aaa/AAA, Stable/Stable), from Moody’s and Standard & Poor’s and is identified as one of two systemically important financial institutions in Norway.
KBN reached the end of H1 2019, raising approximately 60% per cent of its annual total funding volume across a variety of different markets. As of end of June, KBN has raised USD 6.2 billion equivalent, via 25 trades across (13) different currencies. More
KBN wants to help put sustainability on the agenda both in Norway and internationally. We are actively involved in developments in the area thanks to the range of external appointments held by our employees, which include a member of Finance Norway’s Sustainability Group and a member of the Norwegian Climate Foundation’s Council. More
Kommunalbanken (“KBN”), 100% owned by the Kingdom of Norway, rated Aaa (stab)/AAA (stab), priced their second
USD benchmark of 2019; a new USD 1.5 billion 5-year RegS/144A transaction. The issue has a final maturity of 19th June 2024,
pays a semi-annual coupon of 2.000% and has an issue price of 99.868%, to give a spread of 15.6 basis points over the 2.000%
US Treasury due May 2024, equivalent to mid-swaps +15 basis points. More