Norway's Eksportfinans files $1.86 bln debt shelf

Norway's Eksportfinans ASA, whose wholly-owned subsidiary Kommunekreditt provides loans to municipalities, counties and companies, on Friday filed with the U.S. Securities and Exchange Commission to periodically sell up to $1.86 billion in debt securities.

WASHINGTON, Feb 20 (Reuters) - Norway's Eksportfinans ASA, whose wholly-owned subsidiary Kommunekreditt provides loans to municipalities, counties and companies, on Friday filed with the U.S. Securities and Exchange Commission to periodically sell up to $1.86 billion in debt securities.

The Oslo-based institution said it plans to use the proceeds from the shelf offering for general corporate purposes, including financing operations and debt repayment and refinancing.

The shelf registration includes another $140 million of remaining securities previously registered but unsold for a total of $2 billion.

Under a shelf registration, a company or institution may sell securities in one or more separate offerings with the size, price and terms to be determined at the time of sale.

Associated companies: