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KOMMUNALKREDIT INTERNATIONAL BANK LIMITED-USD2,000,000,000 SENIOR EXTENDIBLE FLOATING RATE NOTES PROGRAM (the “Program”)
On the 13 June 2007, Kommunalkredit International Bank Limited (the “Issuer”) established a USD2bn extendible floating rate note program. Up to this date USD600mln have been successfully issued under the Program*
Both the Program and the aforementioned issue have been assigned a long-term rating of AA- from Fitch and Aa3 long-term rating from Moody’s.
*The Issuer offered the notes to the initial purchasers in reliance on the exemption from registration provided by Section 4(2) of the Securities Act. The Issuer relied on these exemptions from registration based in part on representations made by the initial purchasers, including that the initial purchasers would only offer, sell or deliver the notes to persons who they reasonably believe are qualified institutional buyers within the meaning of Rule 144A under the Securities Act.
The Notes, including the non-extendible notes after conversion, have not been registered under the Securities Act and may not be offered or sold in the United States absent registration or applicable exemption from registration requirements. This disclosure does not constitute an offer to sell, or the solicitation of an offer to buy, any security and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offering would be unlawful.
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