Obligation Komunalbanken 0% ( XS0764743117 ) en USD

Komunalbanken

100 % ⇌

Norvege

XS0764743117 ( en USD )

27/03/2017 - Obligation échue

Prospectus brochure de l'obligation Kommunalbanken XS0764743117 en USD 0%, échue

100 000 USD

2 000 000 000 USD

Kommunalbanken est une banque publique norvégienne qui fournit des services financiers aux municipalités et aux autres entités publiques norvégiennes.

L'obligation Kommunalbanken (XS0764743117), émise en USD pour un montant total de 2 000 000 000 $, avec un taux d'intérêt de 0%, une taille minimale d'achat de 100 000 $ et une maturité au 27 mars 2017, a été remboursée à son échéance à 100%.

Final Terms dated 5 October 2012
KOMMUNALBANKEN AS
Issue of
USD 250,000,000
Floating Rate Instruments due 27 March 2017
(the "Instruments")
under the
Programme for the Issuance of Debt Instruments
(to be consolidated and form a single series with the USD 300,000,000
Floating Rate Instruments due 27 March 2017 issued on 27 March 2012,
the USD 200,000,000 Floating Rate Instruments due 27 March 2017 issued on
2 May 2012, the USD 100,000,000 Floating Rate Instruments due
27 March 2017 issued on 22 May 2012, the USD 300,000,000 Floating Rate
Instruments due 27 March 2017 issued on 23 August 2012 and the USD
300,000,000 Floating Rate Instruments due 27 March 2017 issued on 11 September
2012
(the "Original Instruments"))
PART A - CONTRACTUAL TERMS
Terms used herein shall be deemed to be defined as such for the purposes of the
Conditions (the "Conditions") set forth in the Base Prospectus dated 19 April 2011 and
incorporated by reference in the Base Prospectus dated 18 April 2012. This document
constitutes the Final Terms of the Instruments described herein for the purposes of
Article 5.4 of the prospectus Directive (Directive 2003/71/EC, as amended) (the
"Prospectus Directive") and must be read in conjunction with the Base Prospectus
dated 18 April 2012, which constitutes a base prospectus for the purposes of the
Prospectus Directive and includes the Conditions which are incorporated by reference
therein. Full information on the Issuer and the offer of the Instruments is only available
on the basis of the combination of these Final Terms and the Base Prospectus dated 18
April 2012. The Base Prospectus is available for viewing at Kommunalbanken AS,
Haakon VIIs gate 5b, 0110 Oslo, Norway and Deutsche Bank AG, London Branch,
Winchester House, 1 Great Winchester Street, London EC2N 2DB, United Kingdom
and the website of the Luxembourg Stock Exchange (www.bourse.lu) and copies may
be obtained from Kommunalbanken AS, Haakon VIIs gate 5b, 0110 Oslo, Norway and
Deutsche Bank AG, London Branch, Winchester House, 1 Great Winchester Street,
London EC2N 2DB, United Kingdom.
1.
Issuer:
Kommunalbanken AS
2.
(i)
Series Number:
4047
(ii)
Tranche Number:
6
The
Instruments
will
initially
be
represented by a Regulation S Global
Instrument and will be consolidated and
form a single series with the Original
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Instruments not earlier than 40 days from
the Issue Date following the expiration of
the distribution compliance period (as
defined in Regulation S).
3.
Specified Currency or Currencies:
United States dollars ("USD")
4.
Aggregate Principal Amount:

(i)
Series:
USD 1,450,000,000
(ii)
Tranche:
USD 250,000,000
5.
Issue Price:
100.947 per cent. of the Aggregate
Principal Amount
6.
(i)
Specified Denominations:
USD 100,000 and integral multiples of
USD 2,000 in excess thereof
(ii)
Calculation Amount:
USD 2,000
7.
(i)
Issue Date:
12 October 2012
(ii)
Interest Commencement
27 September 2012
Date:
8.
Maturity Date:
27 March 2017
9.
Interest Basis:
3 month USD LIBOR plus 0.38 per cent.
Floating Rate
(further particulars specified below)
10.
Redemption/Payment Basis:
Redemption at par
11.
Change of Interest or Redemption/
Not Applicable
Payment Basis:
12.
Put/Call Options:
Not Applicable
13.
(i)
Status of the Instruments:
Senior, unsecured and unsubordinated
(ii)
Date of approval for
Not Applicable
issuance of Instruments
obtained:
14.
Method of distribution:
Syndicated
PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE
15.
Fixed Rate Instrument Provisions Not Applicable
16.
Floating Rate Instrument
Applicable
Provisions
(i)
Interest Period(s):
Quarterly
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(iii)
Specified Interest Payment
Interest shall be payable quarterly in arrear
Dates:
on 27 December, 27 March, 27 June and
27 September in each year commencing on
27 December 2012, up to (and including)
the Maturity Date
(iv)
First Interest Payment Date: 27 December 2012
(v)
Business Day Convention:
Modified
Following
Business
Day
Convention
(vi)
Relevant Financial
London, New York and TARGET
Centre(s):
(vii)
Manner in which the
Screen Rate Determination
Rate(s) of Interest is/are to
be determined:
(viii) Party responsible for
Not Applicable
calculating the Rate(s) of
Interest and/or Interest
Amount(s) (if not the Issue
and Paying Agent):
(ix)
Screen Rate Determination:

· Reference Rate:
3 month USD LIBOR
· Interest Determination
2 London Banking Days prior to the first
Date(s):
day of each Interest Period
· Relevant Screen Page:
Reuters Screen, LIBOR01
· Relevant Time:
11:00 a.m. London time
· Relevant Financial
London
Centre:
(x)
ISDA Determination:
Not Applicable
(xi)
Margin:
Plus 0.38 per cent. per annum
(xii) Minimum Rate of Interest:
Not Applicable
(xiii) Maximum Rate of Interest:
Not Applicable
(xiv) Day Count Fraction:
Actual/360 (ISDA), Adjusted
(xv)
Fall back provisions,
Not Applicable
rounding provisions,
denominator and any other
terms relating to the method
of calculating interest on
Floating Rate Instruments, if
different from those set out
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in the Conditions:
17.
Zero Coupon Instrument Provisions Not Applicable
18.
Index-Linked Interest
Not Applicable
Instrument/other variable-linked
interest Instrument Provisions
19.
Dual Currency Instrument
Not Applicable
Provisions
PROVISIONS RELATING TO REDEMPTION
20.
Call Option
Not Applicable
21.
Put Option
Not Applicable
22.
Maturity Redemption Amount of
USD 2,000 per Calculation Amount
each Instrument
23.
Early Redemption Amount

Early Redemption Amount(s) per
USD 2,000 per Calculation Amount
Calculation Amount payable on
redemption for taxation reasons or
on event of default or other early
redemption and/or the method of
calculating the same (if required or
if different from that set out in the
Conditions):
GENERAL PROVISIONS APPLICABLE TO THE INSTRUMENTS
24.
Form of Instruments:
Registered Instruments:

The
Instruments
will
initially
be
represented by a Regulation S Global
Instrument
25.
New Global Instrument:
No
26.
Relevant Financial Centre(s) or
London, New York and TARGET
other special provisions relating to
Payment Dates:
27.
Talons for future Coupons or
No
Receipts to be attached to
Definitive Bearer Instruments (and
dates on which such Talons
mature):
28.
Details relating to Partly Paid
Not Applicable
Instruments: amount of each
payment comprising the Issue Price
and date on which each payment is
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to be made and consequences (if
any) of failure to pay, including
any right of the Issuer to forfeit the
Instruments and interest due on late
payment:
29.
Details relating to Instalment
Not Applicable
Instruments: amount of each
instalment, date on which each
payment is to be made:
30.
Redenomination, renominalisation
Not Applicable
and reconventioning provisions:
31.
Other final terms:
Not Applicable
DISTRIBUTION
32.
(i)
If syndicated, names and
Credit
Suisse
Securities
(Europe)
addresses of Managers:
Limited
One Cabot Square
London E14 4QU
United Kingdom

Goldman Sachs International
Peterborough Court
133 Fleet Street
London EC4A 2BB
United Kingdom

HSBC Bank plc
8 Canada Square
London E14 5HQ
United Kingdom
(ii)
Date of Subscription
5 October 2012
Agreement:
(iii) Stabilising Manager(s) (if
Not Applicable
any):
33.
If non-syndicated, name and
Not Applicable
address of Dealer:
34.
U.S. Selling Restrictions:
Regulation S Category 2 and Rule
144A/3(c)(7)
35.
ERISA:
Employee benefit plans subject to Title 1
of the U.S. Employee Retirement Income
Security Act of 1974, as amended
(ERISA), "plans" subject to Section 4975
of the U.S. Internal Revenue Code of
1986, as amended, (the "Code") and any
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entity whose underlying assets include, or
are deemed for the purposes of ERISA to
include, the assets of any such employee
benefit plan or plan, generally will not be
permitted to purchase or hold the
Instruments (or any interest therein)
36.
Non-exempt Offer:
Not Applicable
37.
Additional selling restrictions:
Not Applicable
PURPOSE OF FINAL TERMS
These Final Terms comprise the final terms required for issue and admission to trading
on the regulated market of the Luxembourg Stock Exchange described herein pursuant
to the Programme for the Issuance of Debt Instruments of Kommunalbanken AS.
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PART B - OTHER INFORMATION
1.
LISTING AND ADMISSION TO TRADING
(i)
Listing:
Application has been made by the Issuer
(or on its behalf) for the Instruments to be
admitted to listing on the official list of the
Luxembourg Stock Exchange with effect
from the Issue Date
(ii)
Admission to trading:
Application has been made by the Issuer (or
on its behalf) for the Instruments to be
admitted to trading on the regulated market
of the Luxembourg Stock Exchange with
effect from the Issue Date

2.
RATINGS
Ratings:
The Instruments have been rated:

Standard & Poor's Credit Market
AAA
Services Europe Limited:

Moody's Investors Service Ltd.:
Aaa

These credit ratings have been issued by
Standard & Poor's Credit Market Services
Europe Limited and Moody's Investors
Service Ltd., which are established in the
European
Economic
Area
and
are
registered under Regulation (EC) No
1060/2009 on credit rating agencies, as
amended.
3.
INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN
THE ISSUE
Save as discussed in "Subscription and Sale" in the Base Prospectus, so far as the
Issuer is aware, no person involved in the offer of the Instruments has an interest
material to the offer.
4.
REASONS FOR THE OFFER, ESTIMATED NET PROCEEDS AND
TOTAL EXPENSES
(i)
Reasons for the offer:
See "Use of Proceeds" in the Base
Prospectus
(ii)
Estimated net proceeds:
USD 252,444,947.92 (inclusive of accrued
interest amounting to USD 77,447.92 in
respect of the period from, and including,
27 September 2012 to, but excluding, the
Issue Date).
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5.
HISTORIC INTEREST RATES
Details of historic LIBOR rates can be obtained from Reuters.
6.
OPERATIONAL INFORMATION
Regulation S Temporary ISIN
XS0842229337
Code:
Regulation S ISIN Code:
XS0764743117
Regulation S Temporary Common
084222933
Code:
Regulation S Common Code:
076474311
Rule 144A ISIN Code:
US50048MAN02
Rule 144A Common Code:
076545014
CUSIP:
50048MAN0
New Global Instrument intended to Not Applicable
be held in a manner which would
allow Eurosystem eligibility:
Clearing system(s):
Euroclear, Clearstream, Luxembourg and
DTC
Delivery:
Delivery against payment
Names and addresses of additional
Not Applicable
Paying Agent(s) or Foreign
Exchange Agent(s) (if any):
Name and address of Luxembourg
Not Applicable
Intermediary Agent:

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