Obligation Kommunalbanken 0% ( XS0905805742 ) en USD

Société émettrice Kommunalbanken
Prix sur le marché 100 %  ⇌ 
Pays  Norvege
Code ISIN  XS0905805742 ( en USD )
Coupon 0%
Echéance 18/03/2016 - Obligation échue



Prospectus brochure sous format PDF

Montant Minimal 100 000 USD
Montant de l'émission 1 200 000 000 USD
Description détaillée Kommunalbanken est une banque publique norvégienne qui fournit des services financiers aux municipalités et aux autres entités publiques norvégiennes.

L'Obligation émise par Kommunalbanken ( Norvege ) , en USD, avec le code ISIN XS0905805742, paye un coupon de 0% par an.
Le paiement des coupons est semestriel et la maturité de l'Obligation est le 18/03/2016








Final Terms dated 21 June 2013
KOMMUNALBANKEN AS
Issue of
USD 350,000,000 Floating Rate Instruments due 18 March 2016
(to be consolidated and form a single series with the USD 300,000,000 Floating Rate Instruments due
18 March 2016 issued on 18 March 2013 (the "Original Instruments"))

UNDER THE
PROGRAMME FOR THE ISSUANCE OF DEBT INSTRUMENTS
The Base Prospectus referred to below (as completed by these Final Terms) has been
prepared on the basis that any offer of Instruments in any Member State of the European
Economic Area which has implemented the Prospectus Directive (each, a "Relevant
Member State") will be made pursuant to an exemption under the Prospectus Directive, as
implemented in that Member State, from the requirement to publish a prospectus for offers of
the Instruments. Accordingly any person making or intending to make an offer in that
Member State of the Instruments may only do so in circumstances in which no obligation
arises for the Issuer or any Manager to publish a prospectus pursuant to Article 3 of the
Prospectus Directive or supplement a prospectus pursuant to Article 16 of the Prospectus
Directive, in each case, in relation to such offer. Neither the Issuer nor any Manager has
authorised, nor do they authorise, the making of any offer of Instruments in any other
circumstances.
The expression "Prospectus Directive" means Directive 2003/71/EC (and amendments
thereto, including the 2010 PD Amending Directive) and the expression "2010 PD
Amending Directive" means Directive 2010/73/EU provided, however, that all references in
this document to the "Prospectus Directive" in relation to any Member State of the European
Economic Area refer to Directive 2003/71/EC (and amendments thereto, including the 2010
PD Amending Directive, to the extent implemented in the relevant Member State), and
include any relevant implementing measure in the relevant Member State.
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 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 and, save in respect of the Conditions, must be read in
conjunction with the base prospectus dated 18 April 2013, which constitutes a base
prospectus (the "Base Prospectus") for the purposes of the Prospectus Directive. The
Conditions are incorporated by reference in the Base Prospectus. Full information on the
Issuer and the offer of the Instruments is only available on the basis of the combination of
these Final Terms, the Base Prospectus and the Conditions. The Base Prospectus and the
Conditions are 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,
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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.
(i)
Series Number:
4395
(ii)
Tranche Number:
2
(iii)
Date on which the Instruments
The Instruments represented by the Rule
become fungible:
144A Global Instrument will be
consolidated, become fungible and form a
single Series with those Original Instruments
also represented by a Rule 144A Global
Instrument on the Issue Date and the
Instruments represented by the Regulation S
Global Instrument will be consolidated,
become fungible and form a single Series
with those Original Instruments also
represented by a Regulation S Global
Instrument not earlier than 40 days from the
Issue Date following the expiration of the
distribution compliance period (as defined in
Regulation S)
2.
Specified Currency:
United States dollars ("USD")
3.
Aggregate Principal Amount:

(i)
Series: USD
650,000,000
(ii)
Tranche: USD
350,000,000
4.
Issue Price:
99.974 per cent. of the Aggregate Principal
Amount of the Tranche plus accrued interest
from the Interest Commencement Date
5.
(i)
Specified Denominations:
USD 100,000 and multiples of USD 2,000
thereafter
(ii)
Calculation Amount:
USD 2,000
6.
(i)
Issue Date:
25 June 2013
(ii)
Interest Commencement Date:
18 June 2013
7.
Maturity Date:
18 March 2016
8.
Types of Instruments:
Floating Rate
9.
Interest Basis:
3 month USD LIBOR + 0.08 per cent.
Floating Rate
(further particulars specified below)
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10.
Redemption/Payment Basis:
Subject to any purchase and cancellation or
early redemption, the Instruments will be
redeemed on the Maturity Date at 100 per
cent. of their nominal amount
11.
Change of Interest or Redemption/
Not Applicable
Payment Basis:
12.
Put/Call Options:
Not Applicable
13.
Status of the Instruments:
Senior
PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE
14.
Fixed Rate Instrument Provisions
Not Applicable
15.
Floating Rate Instrument Provisions Applicable
(i)
Interest Period(s)
Quarterly
(ii)
Specified Period:
Not Applicable
(iii)
Specified Interest Payment
18 March, 18 June, 18 September and 18
Dates:
December in each year commencing on the
First Interest Payment Date, up to (and
including) the Maturity Date
(iv)
First Interest Payment Date:
18 September 2013
(v)
Business
Day
Convention:
Modified Following Business Day
Convention
(vi)
Additional Financial Centre(s) London and New York
relating to Business Days:
(vii) Manner in which the Interest
Screen Rate Determination
Rate(s) is/are to be determined:
(viii) Party responsible for
The Issue and Paying Agent
calculating the Interest Rate(s)
and/or Interest Amount(s):
(ix)
Screen
Rate
Determination: Applicable

· Reference Rate:
3 month USD LIBOR

· Interest Determination
2 London Banking Days prior to the first day
Date(s):
of each Interest Period

· Relevant Screen Page:
Reuters Screen, LIBOR 01

· Relevant Time:
11:00 a.m. London time
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· Relevant Financial Centre: London

· Variable Rate:
Not Applicable
(ix)
ISDA Determination:
Not Applicable
(x)
Margin(s):
+0.08 per cent. per annum
(xi)
Minimum Interest Rate:
Not Applicable
(xii) Maximum Interest Rate:
Not Applicable
(xiii) Day Count Fraction:
Actual/360
(xiv) Weighted Average Reference
Not Applicable
Rate:
16.
Fixed Interest Discounted Issue
Not Applicable
Instrument Provisions
17.
Zero Coupon Instrument Provisions Not Applicable
18.
Index Linked Interest Instrument
Not Applicable
Provisions
19.
Share Linked Interest Instrument
Not Applicable
Provisions
20.
FX Linked Interest Instrument
Not Applicable
Provisions
21.
Fund Linked Interest Instrument
Not Applicable
Provisions
PROVISIONS RELATING TO REDEMPTION
22.
Call Option
Not Applicable
23.
Put Option
Not Applicable
24.
Automatic Early Redemption
Not Applicable
25.
Maturity Redemption Amount of
USD 2,000 per Calculation Amount
each Instrument
26.
Early Redemption Amount

(i)
Early Redemption Amount(s)
USD 2,000 per Calculation Amount
per Calculation Amount
payable on redemption for
taxation reasons:
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(ii)
Early Redemption Amount(s)
USD 2,000 per Calculation Amount
per Calculation Amount
payable on event of default or
other early redemption:
27.
Index Linked Redemption
Not Applicable
Instruments
28.
Share Linked Redemption
Not Applicable
Instruments
29.
FX Linked Redemption Instruments Not Applicable
30.
Instruments with Dual or Other
Not Applicable
Currency Settlement Conditions
31.
Fund Linked Redemption
Not Applicable
Instruments
32.
Commodity Linked Redemption
Not Applicable
Instruments
33.
Physical Delivery Instruments
Not Applicable
GENERAL PROVISIONS APPLICABLE TO THE INSTRUMENTS
34.
Form of Instruments:
Registered Instruments:


Regulation S Instrument and Rule 144A
Instrument
35.
New Global Instrument:
No
36.
Relevant Financial Centre(s) or other London and New York
special provisions relating to
Payment Dates:
37.
Additional Financial Centre(s)
Not Applicable
relating to Relevant Financial Centre
Days:
38.
Talons for future Coupons or
No
Receipts to be attached to Definitive
Bearer Instruments (and dates on
which such Talons mature):
39.
Details relating to Partly Paid
Not Applicable
Instruments:
40.
Details relating to Instalment
Not Applicable
Instruments:
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PART B - OTHER INFORMATION
1.
LISTING AND ADMISSION TO TRADING
(i)
Listing:
Luxembourg
(ii)
Admission to trading:
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 and to trading
on the regulated market of the Luxembourg
Stock Exchange with effect from the Issue
Date
The Original Instruments are admitted to
listing on the official list of the Luxembourg
Stock Exchange and to trading on the
regulated market of the Luxembourg Stock
Exchange
(iii)
Estimate of total expenses
400 (listing fee)
related to admission to
trading:
2.
RATINGS

The Instruments to be issued have been rated:

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

Moody's Investors Service Ltd:
Aaa
3.
INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE
ISSUE/OFFER

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:
The net proceeds of the issue of the
Instruments will be applied by the Issuer to
meet part of its general financing requirements
(ii)
Estimated net proceeds:
USD 349,933,500 (including accrued interest
amounting to USD 24,500)
(iii)
Estimated total expenses:
Not Applicable
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5.
(Fixed Rate Instruments only) - YIELD
Not
Applicable

6.
(Floating Rate Instruments only) - HISTORIC INTEREST RATES

Details of historic LIBOR rates can be obtained from Reuters
7.
(Index-Linked or other variable-linked Instruments only) - DESCRIPTION AND
PERFORMANCE OF INDEX/FORMULA/OTHER VARIABLE
Not
Applicable
8.
OPERATIONAL INFORMATION

Regulation
S
ISIN:
Until the Instruments represented by the
Regulation S Global Instrument are
consolidated, become fungible and form a
single Series with those Original Instruments
also represented by a Regulation S Global
Instrument, the Instruments will have the
temporary Regulation S ISIN Code
XS0946823043; afterwards, the Instruments
will have the same Regulation S ISIN Code as
the Original Instruments, which is
XS0905805742

Regulation
S
Common
Code:
Until the Instruments represented by the
Regulation S Global Instrument are
consolidated, become fungible and form a
single Series with those Original Instruments
also represented by a Regulation S Global
Instrument, the Instruments will have the
temporary Regulation S Common Code
094682304; afterwards, the Instruments will
have the same Regulation S Common Code as
the Original Instruments, which is 090580574

Regulation
S
WKN:
Until the Instruments represented by the
Regulation S Global Instrument are
consolidated, become fungible and form a
single Series with those Original Instruments
also represented by a Regulation S Global
Instrument, the Instruments will have the
temporary Regulation S WKN A1HMRG;
afterwards, the Instruments will have the same
Regulation S WKN as the Original
Instruments, which is A1HG86
CUSIP:
50048M
BE9
144A
ISIN:
US50048MBE93
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144A Common Code:
090599801
144A
WKN:
A1HHB7

New Global Instrument intended to
Not Applicable
be held in a manner which would
allow Eurosystem eligibility:

Clearing
system(s):
Euroclear/Clearstream,
Luxembourg/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:
9.
DISTRIBUTION
(i)
Method of distribution:
Syndicated
(ii)
If syndicated, names and
Joint Lead Managers:
addresses of Managers and
underwriting commitments:
Barclays Bank PLC
5 The North Colonnade
Canary Wharf
London E14 4BB
United Kingdom
USD 116,666,000
Deutsche Bank AG, London Branch
Winchester House
1 Great Winchester Street
London EC2N 2DB
United Kingdom
USD 116,668,000
The Royal Bank of Scotland plc
135 Bishopsgate
London EC2M 3UR
United Kingdom
USD 116,666,000
(iii)
Date of Subscription
21 June 2013
Agreement:
(iv)
If non-syndicated, name and
Not Applicable
address of Manager:
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(v)
Stabilising Manager(s) (if
Not Applicable
any):
(vi)
Total (underwriting and
Nil
placing) commission and
concession:
(vii) U.S. Selling Restrictions:
Regulation S Category 2; Rule 144A and
Section 3(c)(7) (QIBs that are also QPs)
(viii) Public Offer:
Not Applicable
10.
TERMS AND CONDITIONS OF THE OFFER
Not
Applicable

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