Press release -
Kommuninvest plans new Green Bond
Kommuninvest has today announced 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. The transaction can be expected in the near future, market conditions permitting. Transaction details to be published closer to the transaction date.
Under its Green Bonds framework, Kommuninvest finances Swedish municipal investment projects in eight areas, including renewable energy, energy efficiency, green buildings, public transport, water management and waste management.
As of 31 December 2018, Kommuninvest’s Green Loan Portfolio amounted to SEK 26.1 (19.9) billion in disbursements, related to 232 (146) investment projects in 109 (81) municipalities and regions. The Green Loan Ratio, ie Green Loans as a share of total lending, was 7.4 (6.5) percent. Comparative data for year-end 2017 in parentheses.
Kommuninvest finances the Green loans through Green Bonds issuance. To date, Kommuninvest has issued a total of SEK 20.4 (14.4) billion in five transactions, making Kommuninvest Sweden's largest green bond issuer.
Kommuninvest expects to borrow SEK 100-120 billion in long-term funding during 2019.
For further information
Christian Ragnartz, Head of Debt Management, tel: +46 706 07 38 34, e-mail: christian.ragnartz@kommuninvest.se
Pelle Ekestubbe, Senior Portfolio Manager, tel: +46 70 675 40 90, e-mail: pelle.ekestubbe@kommuninvest.se
Björn Bergstrand, Head of Sustainability, tel +46 708 86 94 76, e-mail: bjorn.bergstrand@kommuninvest.se
Topics
Kommuninvest is a municipal cooperation for efficient and sustainable financing of housing, infrastructure, schools, hospitals etc. Together, we get better loan terms than each one individually. Since its inception in 1986, the Kommuninvest collaboration has helped lower the local government sector’s borrowing costs by many billion kronor. Currently, 289 municipalities and counties/regions are members of this voluntary cooperation. With total assets exceeding SEK 400 billion (USD ~44 billion), Kommuninvest is the largest lender to the local government sector and one of the ten largest credit institution in Sweden. The head office is located in Örebro.
