Obligation Komunalbanken AS 0.02% ( XS0925520479 ) en NOK

Komunalbanken AS

100 % ⇌

Norvege

XS0925520479 ( en NOK )

0.02% par an ( paiement annuel )

03/05/2018 - Obligation échue

Prospectus brochure de l'obligation Kommunalbanken As XS0925520479 en NOK 0.02%, échue

10 000 NOK

800 000 000 NOK

Kommunalbanken AS est une banque norvégienne publique qui fournit des services financiers aux municipalités et aux autres entités du secteur public en Norvège.

L'Obligation émise par Komunalbanken AS ( Norvege ) , en NOK, avec le code ISIN XS0925520479, paye un coupon de 0.02% par an.
Le paiement des coupons est annuel et la maturité de l'Obligation est le 03/05/2018

Final Terms dated 14 May 2013
KOMMUNALBANKEN AS
Issue of
NOK 300,000,000 2.00% Fixed Rate Instruments due 3 May 2018
(the "Instruments")
(to be consolidated and form a single series with the NOK 500,000,000 2.00% Fixed
Rate Instruments due 3 May 2018 (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, except as provided in sub-paragraph (ii) below, 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 of the Instruments may only do so:
(i)
in circumstances in which no obligation arises for the Issuer or the 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; or
(ii)
in those Public Offer Jurisdictions mentioned under "Distribution Public Offer" in
Part B below, provided such person is one of the persons described in "Distribution 
Public Offer" in Part B below and which satisfies conditions set out therein and that
such offer is made during the Offer Period specified for such purpose therein.
With respect to any subsequent resale or final placement of Instruments as provided in sub-
paragraph (ii) above, the Issuer consents to the use of the Base Prospectus and accepts
responsibility for the content of the Base Prospectus. Neither the Issuer nor the 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
set forth in the Base Prospectus dated 18 April 2013 which constitutes a base prospectus (the
"Base Prospectus") for the purposes of the Prospectus Directive. This document constitutes
the Final Terms of the Instruments described herein for the purposes of Article 5.4 of the
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Prospectus Directive and must be read in conjunction with such 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 and the Base Prospectus. 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.
(i)
Series Number:
4424
(ii)
Tranche Number:
2
(iii)
Date on which the Instruments
The Instruments shall be consolidated, form
become fungible:
a single series and be interchangeable for
trading purposes with the Original
Instruments on exchange of the Temporary
Global Instrument for interests in the
Permanent Global Instrument, as described
in these Final Terms

2.
Specified Currency:
Norwegian Krone ("NOK")
3.
Aggregate Principal Amount:

(i)
Series: NOK
800,000,000
(ii)
Tranche: NOK
300,000,000
4.
Issue Price:
100.465 per cent. of the Aggregate Principal
Amount plus accrued interest from 3 May
2013
5.
(i)
Specified Denominations:
NOK 10,000
(ii)
Calculation Amount:
NOK 10,000
6.
(i)
Issue Date:
16 May 2013
(ii)
Interest Commencement Date:
3 May 2013
7.
Maturity Date:
3 May 2018
8.
Types of Instruments:
Fixed Rate
9.
Interest Basis:
2 per cent. Fixed Rate
(further particulars specified below)
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
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cent.
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
Applicable
(i)
Interest Rate:
2 per cent. per annum payable annually in
arrear
(ii)
Interest Payment Date(s):
3 May in each year commencing on 3 May
2014
(iii)
Adjustment of Interest
Interest Payment Dates will not be adjusted
Payment Date(s) for payment
for calculation of interest; however, for
purposes:
payment purposes only, the Following
Business Day Convention will apply
(iv)
Fixed Coupon Amounts:
NOK 200.000 per Calculation Amount
(v)
Party responsible for
Not Applicable
calculating the Fixed Coupon
Amount(s):
(vi)
Broken Amount(s):
Not Applicable
(vii) Day Count Fraction:
Actual/Actual (ICMA)
(viii) Determination Dates:
3 May in each year
(ix)
Additional Financial Centre(s) London and Oslo
relating to Business Days:
15.
Floating Rate Instrument Provisions Not Applicable
16.
Fixed Interest Discounted Issue
Not Applicable
Instrument Provisions
17.
Index Linked Interest Instrument
Not Applicable
Provisions
18.
Share Linked Interest Instrument
Not Applicable
Provisions
19.
FX Linked Interest Instrument
Not Applicable
Provisions
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20.
Fund Linked Interest Instrument
Not Applicable
Provisions
PROVISIONS RELATING TO REDEMPTION
21.
Call Option
Not Applicable
22.
Put Option
Not Applicable
23.
Automatic Early Redemption
Not Applicable
24.
Maturity Redemption Amount of
NOK 10,000 per Calculation Amount
each Instrument
25.
Early Redemption Amount

(i)
Early Redemption Amount(s)
NOK 10,000 per Calculation Amount
per Calculation Amount
payable on redemption for
taxation reasons:
(ii)
Early Redemption Amount(s)
NOK 10,000 per Calculation Amount
per Calculation Amount
payable on event of default or
other early redemption):
26.
Index Linked Redemption
Not Applicable
Instruments
27.
Share Linked Redemption
(a) Share Linked Automatic Early
Instruments
Redemption: Not Applicable

28.
FX Linked Redemption Instruments (a) FX Linked Automatic Early
Redemption: Not Applicable
29.
Instruments with Dual or Other
Not Applicable
Currency Settlement Conditions
30.
Fund Linked Redemption
(a) Fund Linked Automatic Early
Instruments
Redemption: Not Applicable
31.
Commodity Linked Redemption
Not Applicable
Instruments
32.
Physical Delivery Instruments
Not Applicable
GENERAL PROVISIONS APPLICABLE TO THE INSTRUMENTS
33.
Form of Instruments:
Bearer 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
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:
NOK 295,983,698.63 (including accrued
interest of NOK 213,698.63
5.
(Fixed Rate Instruments only) - YIELD

Indication of yield:
1.901% annual and 1.892% semi-annual
6.
(Floating Rate Instruments only) - HISTORIC INTEREST RATES
Not
Applicable
7.
(Index-Linked or other variable-linked Instruments only) - DESCRIPTION AND
PERFORMANCE OF INDEX/FORMULA/OTHER VARIABLE
Not
Applicable
8.
OPERATIONAL INFORMATION
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ISIN Code:
XS0925520479
Common
Code:

092552047

CUSIP Number
Not Applicable

New Global Instrument intended to
No
be held in a manner which would
allow Eurosystem eligibility:
Clearing
system(s):
Euroclear/Clearstream,
Luxembourg
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:
Non-syndicated
(ii)
If syndicated, names of
Not Applicable
Managers:
(iii)
If non-syndicated, name and
RBC Europe Limited
address of Manager:
Riverbank House
2 Swan Lane
London, EC4R 3BF
United Kingdom
(iv)
Stabilising Manager(s) (if
Not Applicable
any):
(v)
U.S. Selling Restrictions:
Regulation S Category 2
(vi)
Public Offer:
The Issuer consents to the use of the Base
Prospectus in connection with a Public Offer
of the Instruments during the period from 14
May 2013 until 16 May 2013 (the "Offer
Period") in Luxembourg, Belgium, Germany
and the United Kingdom (the "Public Offer
Jurisdictions") by any financial intermediary
which is authorised to make such offers under
the Markets in Financial Instruments Directive
(Directive 2004/39/EC).

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(vii) Secondary (uridashi)
No
offerings of the Instruments
to be made in Japan and (i)

the relevant Securities
Registration Statements or
(ii) Amendments or
Supplemental Documents to
Shelf Registration Statements
under Financial Instruments
and Exchange Act of Japan
(Law No. 25 of 1948, as
amended) in respect of the
Instruments were filed prior
to 18 April 2013:
10.
TERMS AND CONDITIONS OF THE OFFER

Offer Price:
Issue Price

Conditions to which the offer is
Not Applicable
subject:

Description of the application
Not Applicable
process:

Description of possibility to reduce
Not Applicable
subscriptions and manner for
refunding excess amount paid by
applicants:

Details of the minimum and/or
Not Applicable
maximum amount of application:

Details of the method and time limits Not Applicable
for paying up and delivering the
Instruments:

Manner in and date on which results
Not Applicable
of the offer are to be made public:

Procedure for exercise of any right of Not Applicable
pre-emption, negotiability of
subscription rights and treatment of
subscription rights not exercised:

If the offer is being made
Not Applicable
simultaneously in the markets of two
or more countries and if a tranche
has been or is being reserved for
certain of these, indicate any such
tranche.
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Process
for
notification to applicants
Not Applicable
of the amount allotted and the
indication whether dealing may
begin before notification is made:

Amount of any expenses and taxes
Not Applicable
specifically charged to the subscriber
or purchaser:

Name(s) and address(es), to the
None
extent known to the Issuer, of the
placers in the various countries
where the offer takes place:
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SUMMARY OF THE ISSUE
Summaries are made up of disclosure requirements known as "Elements". These elements are
numbered in Sections A - E (A.1 - E.7).
This summary contains all the Elements required to be included in a summary for this type of
securities and issuer. Because some Elements are not required to be addressed, there may be
gaps in the numbering sequence of the Elements.
Even though an Element may be required to be inserted in the summary because of the type
of securities and issuer, it is possible that no relevant information can be given regarding the
Element. In this case a short description of the Element is included in the summary with the
mention of "Not Applicable".

Section A - Introduction and Warnings
A.1 Introduction:

This summary should be read as introduction to the Base
Prospectus; and any decision to invest in the Instruments
should be based on consideration of the Base Prospectus
as a whole by the investor. Where a claim relating to the
information contained in the Base Prospectus is brought
before a court, the plaintiff investor might, under the
national legislation of the Member State, have to bear
the costs of translating the Base Prospectus before the
legal proceedings are initiated. Civil liability attaches
only to those persons who have tabled the summary
including any translation thereof, but only if the
summary is misleading, inaccurate or inconsistent when
read together with the other parts of the Base Prospectus
or it does not provide, when read together with the other
parts of the Base Prospectus, key information in order to
aid investors when considering whether to invest in such
Instruments.
A.2 Consent:
The Issuer consents to the use of this Base Prospectus in
connection with a Public Offer of the Instruments by any
financial intermediary which is authorised to make such
offers under the Markets in Financial Instruments
Directive (Directive 2004/39/EC) (an "Authorised
Offeror") on the basis that the relevant Public Offer
must occur during the period from and including 14 May
2013 to 16 May 2013 (the "Offer Period").
An Investor intending to acquire or acquiring any
Instruments from an Authorised Offeror will do so,
and offers and sales of the Instruments to an Investor
by an Authorised Offeror will be made, in accordance
with any terms and other arrangements in place
between such Authorised Offeror and such Investor
including as to price, allocation, settlement
arrangements and any expenses or taxes to be
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