Skip to main content

Tags

Latest news

​Kommuninvest issues largest Green Bond ever from a Nordic SSA

Press releases   •   Nov 14, 2019 10:00 UTC

Kommuninvest, the Swedish local government debt office, has issued a USD 1 billion Green Bond for its USD benchmark programme. The transaction is the largest single-issue size Green Bond from a Nordic SSA, and confirmed Kommuninvest’s position as the largest Green Bond issuer in the segment. Kommuninvest’s Green Loans portfolio represents 325 projects in 135 Swedish municipalities and regions.

​Kommuninvest announces decision on strategic funding markets

Press releases   •   Oct 10, 2019 07:30 UTC

Kommuninvest has decided that the markets for benchmark borrowing in EUR, SEK and USD are strategic, which means that Kommuninvest intends to be a repeat issuer and have a long-term presence. The decision applies to both traditional borrowing and and so-called. sustainable borrowing, e.g. green bonds. The decision means that EUR is added as a strategic borrowing currency.

​Kommuninvest publishes updated funding forecast for 2019

Press releases   •   Oct 10, 2019 07:30 UTC

Kommuninvest has updated its 2019 forecast for funding over 1-year duration. The forecast is unchanged at SEK 120-140 billion, however with an expectation of an outcome in the higher part of the interval as a result of solid lending growth. Kommuninvest continues to grow as a result of a larger market share, more members and increased welfare investments by Swedish municipalities and regions.

​Kommuninvest issues 3-year USD benchmark bond

​Kommuninvest issues 3-year USD benchmark bond

Press releases   •   Sep 25, 2019 07:40 UTC

Kommuninvest's latest USD benchmark offering, a 3-year USD 1.25 billion note, met solid demand and achieved the issuer's tightest pricing yet vs. USD Treasuries. With an orderbook of USD 3.2 bn and more than 70 participating investors, Kommuninvest was able to tighten pricing by two basis points, issuing at 15 b.p. above mid-swaps and 10.8 b.p. over corresponding US Treasuries.

​Kommuninvest issues its eighth Green Bond

Press releases   •   Sep 12, 2019 06:52 UTC

Kommuninvest has issued a new SEK 3 bn Green Bond, a tap to an existing bond maturing in 2023. Kommuninvest now has SEK 22.5 billion and USD 500 million outstanding in five Green Bonds, financing 284 green projects in 124 Swedish municipalities and regions. As of June, Kommuninvest's Green Loan portfolio amounted to SEK 52.4 billion in commitments, of which SEK 35.5 billion was disbursed.

Kommuninvest i Sverige AB interim report 2018: Municipal investments increase demand for credit

Press releases   •   Aug 27, 2019 14:00 UTC

The Swedish local government debt office, Kommuninvest i Sverige AB, increased its lending volumes by 9 (7) percent during the first six months, according to its interim report. This was an effect both of increased municipal borrowing and Kommuninvest advancing its share of the sector's loan debt. Operating profit was SEK 359.4 (391.3) million.

Kommuninvest publishes 2019 assurance report on its green bonds framework

Kommuninvest publishes 2019 assurance report on its green bonds framework

News   •   Aug 14, 2019 13:42 UTC

Kommuninvest, the Swedish local government debt office, has published its fourth assurance report on its green bonds framework. The report aims to verify the use of proceeds and their allocation to eligible assets. With a total of SEK 28.9 billion in issued bonds, Kommuninvest is Sweden's largest issuer of green bonds.

​Kommuninvest publishes updated funding forecast for 2019

​Kommuninvest publishes updated funding forecast for 2019

Press releases   •   Jul 05, 2019 05:30 UTC

Kommuninvest raises its forecast for long-term borrowing to SEK 120-140 billion for 2019 due to continued good lending growth. Kommuninvest also maintains its expectation of increasing the issuance rate of green bonds to up to once a quarter. Until the end of June, Kommuninvest has lent the equivalent of SEK 75 billion in long-term borrowing.

Survey: Annual external costs for impact reporting typically in EUR10-25k range

Survey: Annual external costs for impact reporting typically in EUR10-25k range

News   •   Jul 04, 2019 13:42 UTC

​External costs for impact reporting, to produce as an issuer and review/consolidate as an investor, typically amount to EUR 10k-25k annually, according to a recent survey on impact reporting. The majority of respondents spend at least 15 days on impact reporting per year. Most investors would either sell the bond or mark it as non-green if they do not get the impact reporting they require.

​Kommuninvest plans seventh Green Bond

​Kommuninvest plans seventh Green Bond

Press releases   •   May 28, 2019 08:53 UTC

Kommuninvest has appointed Danske Bank, SEB and Swedbank as leading banks for an upcoming new green bond. At the end of April, Kommuninvest, which is Sweden's largest issuer of green bonds, had granted SEK 49 billion in green loans to 251 projects in 119 municipalities and regions, relating to, among other things, renewable energy, green buildings, public transport and water management.

​Kommuninvest issues 2-year USD benchmark bond

​Kommuninvest issues 2-year USD benchmark bond

Press releases   •   May 22, 2019 06:30 UTC

Kommuninvest has issued USD 1.25 billion in a new 2-year bond under its USD benchmark programme. The new bond was issued with a yield of 2.35 percent, 12 basis points over the corresponding US Treasuries. This is the tightest spread to US Treasuries for any Kommuninvest US dollar benchmark ever.

Kommuninvest issues 7-year bond in SEK

Kommuninvest issues 7-year bond in SEK

Press releases   •   May 09, 2019 09:50 UTC

Kommuninvest has issued a new bond under its Swedish Benchmark Programme. The new bond, called K2611, matures in November 2026 and was issued at a yield of 0.715 per cent. Following the issue, Kommuninvest has SEK 198 billion outstanding in nine bonds in the Swedish Benchmark Bond programme.

Kommuninvest launches K2611, a new bond in its Swedish Benchmark Programme

Kommuninvest launches K2611, a new bond in its Swedish Benchmark Programme

Press releases   •   May 03, 2019 13:40 UTC

Kommuninvest, which finances more than 50 percent of the external borrowings of Swedish local governments, ​shortly expects to issue a new 7.5-year bond under its Swedish Benchmark Programme. The current outstanding volume in the Programme is SEK 193 billion in eight bonds.

​Kommuninvest publishes updated funding forecast for 2019

​Kommuninvest publishes updated funding forecast for 2019

Press releases   •   Apr 12, 2019 12:30 UTC

Kommuninvest has published an updated funding forecast for long-term funding in 2019. The forecast is unchanged at SEK 100-120 billion (USD 11-13 billion), however with an expectation of an outcome in the higher part of the interval as a result of solid lending growth during the first quarter. To date, Kommuninvest has borrowed the equivalent of SEK 39 billion in long-term funding.

Kommuninvest green bonds help to avoid 662,000 tonnes of CO2

Kommuninvest green bonds help to avoid 662,000 tonnes of CO2

Press releases   •   Apr 04, 2019 14:00 UTC

227 green investment projects financed with Kommuninvest Green Bonds contribute to 662,000 tonnes in CO2 emissions savings, equivalent to the emissions from 448,000 cars with a mileage of 1200 kilometers a year. This according to Kommuninvest's latest impact report. At year-end 2018, the issuer's Green Loan portfolio amounted to SEK 25.8 billion, with borrowers in 109 municipalities and regions.

​Kommuninvest improves its ESG rating

Press releases   •   Apr 02, 2019 09:00 UTC

Kommuninvest has improved its sustainability rating from ISS-oekom by two notches, to B-, and now belongs to the group of financial institutions with the highest sustainability rating from the international advisory company. Among the 78 financial institutions that ISS-oekom evaluated, less than ten percent received a rating of B-. No institute has obtained a higher level than B-.

​Kommuninvest issues its sixth Green Bond

​Kommuninvest issues its sixth Green Bond

Press releases   •   Mar 20, 2019 13:30 UTC

Kommuninvest has issued a new SEK 3.5 billion Green Bond, its sixth to date and the fourth in Swedish krona. Solid demand and an oversubscribed transaction enabled pricing at 2 b.p. inside the issuer’s regular Swedish krona benchmark curve. Since Kommuninvest launched its green finance programme in 2015, SEK 23.9 billion has been issued, making the agency Sweden's largest green bond issuer.

​Kommuninvest plans new Green Bond

​Kommuninvest plans new Green Bond

Press releases   •   Mar 12, 2019 10:45 UTC

Kommuninvest plans to issue a new Green Bond, the sixth to date and the fourth in Swedish kronor. Danske Bank, Nordea and SEB have been appointed lead managers for the transaction. By year-end 2018, Kommuninvest’s Green Loan Portfolio amounted to SEK 26.1 billion in disbursements, related to 232 investment projects in 109 municipalities and regions. The Green Loan Ratio was 7.4 percent.

Kommuninvest i Sverige AB year-end report 2018: Kommuninvest strengthens its position on the municipal loan market

Kommuninvest i Sverige AB year-end report 2018: Kommuninvest strengthens its position on the municipal loan market

Press releases   •   Feb 13, 2019 07:00 UTC

The Swedish local government debt office, Kommuninvest i Sverige AB, increased its share of local government borrowings from 51 to 55 percent during 2018 as its lending increased to SEK 354 (308) billion. Kommuninvest expects local government borrowing to have increased by 6 (4) percent in 2018 to SEK 637 (601) billion, corresponding to 13.4 (13.1) percent of GDP.

​Nordic issuers update their green bonds impact reporting guide

​Nordic issuers update their green bonds impact reporting guide

Press releases   •   Feb 11, 2019 08:00 UTC

The Position Paper on Green Bonds Impact Reporting, originally launched in October 2017 by a group of ten Nordic public sector issuers, has been published in an updated version. Featuring new recommendations regarding the reporting of climate-related physical risk and the Sustainable Development Goals, the paper aims to contribute to harmonising green bond reporting practices.