Press release -
Kommuninvest bonds deemed eligible as collateral with LCH Ltd
LCH, the clearing services operator, has announced it is expanding its range of eligible securities to include bonds from certain Supranational and Agency issuers. Kommuninvest is one of eight eligible issuers whose bonds are deemed as acceptable collateral with LCH. The anticipated go-live date on which the new securities will become eligible is 22 October 2018. The changes apply to LCH Limited, the UK-based clearing house of the LCH Group.
See also the LCH announcement.
For further information
Tobias Landström, Deputy Head of Debt Management, tel: +46 705 86 78 51, e-mail: tobias.landstrom@kommuninvest.se
Björn Bergstrand, Head of Media Relations, +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, 288 municipalities and county councils/regions are members of this voluntary cooperation, out of a total of 310 Swedish local governments. With total assets of around SEK 430 billion (USD ~47 billion), Kommuninvest is the largest lender to the local government sector and the sixth largest credit institution in Sweden. The head office is located in Örebro.
