Kommunalbanken Norway (KBN) (AAA/Aaa) launched and priced a new four-year floating-rate note (FRN) in the Australian market on September 24. According to KangaNews data, KBN has previously issued one FRN in the Kangaroo market. That A$200 million (US$176.7 million), four-year transaction was launched in January 2011 and, after an impending October 2014 redemption, is KBN's next scheduled Kangaroo maturity.