KommuneKredit EUR 500mm increase of 0.01% issue due 4 May 2034
On Wednesday 29th September, KommuneKredit priced the EUR 500mm increase of 0.01% due 4 May 2034, bringing the new outstanding amount to EUR 1,000,000,000. The reopening of the bond was jointly led by Goldman Sachs International, J.P. Morgan, SEB, TD Securities.
The mandate was announced to the market at 2:20pm CET on Tuesday 28th September. Books opened at 9am CET the following morning with g
KommuneKredit issues inaugural SOFR-linked FRN
On Thursday 9 September 2021, KommuneKredit issued its inaugural SOFR-linked Floating Rate Note; a 4-year USD 700 million bond. The transaction attracted a high quality orderbook with particularly strong support from the bank treasury community.
The mandate for KommuneKredits inaugural 4-year USD 700 million SOFR-linked bond was announced on Wednesday 8 September at 10:45 CET. Books opened the
KommuneKredit’s financing supports the ambitious green transition of Danish municipalities and regions
Since 2017, KommuneKredit’s Green Committee has approved 504 green loans worth DKK 22.4 billion in total to support the green transition in local and regional Denmark. The estimated annual CO2 reduction attributed to the projects financed with proceeds from KommuneKredit’s green bonds amounts to approximately 1.74 mega tonnes, which is equivalent to the annual emission of approximately 100,000 Dan
KommuneKredit prices its first GBP benchmark since 2018
On Friday 7 May 2021, KommuneKredit priced a new GBP 400m benchmark. This transaction was KommuneKredits first GBP transaction since 2018.
KommuneKredit has issued its first GBP transaction in three years. 19 investors divided into different investor types participated in this new issue. Order books were in excess of GBP 300m just one hour after the official announcement. The strong investor
KommuneKredit issues its largest 10-year Euro benchmark
Based on a very solid and diverse order book, KommuneKredit priced the first Euro benchmark of the year on Wednesday 24 February 2021. At the same time, this is KommuneKredit’s largest 10-year bond and the largest Euro issuance since March 2018.
On Wednesday 24 February 2021, KommuneKredit entered the market with the first Euro benchmark of 2021, raising EUR 1bn with a strongly oversubscribed 1
KommuneKredit launches 2025-strategy with sustainability focus
As one of six priorities, sustainability plays an integral part in KommuneKredit’s new strategy. The association wants to integrate sustainability in the business model to support its members’ – the Danish municipalities and regions – climate ambitions and to accommodate the investors’ growing interest in sustainability.
KommuneKredit is undergoing a transformation to future-proof the associ
KommuneKredit off to a good start with 5Y USD benchmark
On Thursday 21 January, KommuneKredit priced a USD 1 billion benchmark issue with the tightest spread to date. The issue is a good omen for 2021 during which KommuneKredit expects to issue bonds for more than DKK 35 billion in strategic core markets in EUR, USD and DKK.
The order books closed with orders of more than USD 2.4 billion, when KommuneKredit priced its first benchmark of the year –
Still steady and stable: Moody’s confirm’s KommuneKredit’s Aaa-rating
The credit rating agency, Moody’s Investor Service, has published their Update to Credit Opinion confirming KommuneKredit’s Aaa rating and stable outlook. The rating is an indication that Moody's still considers KommuneKredit's financial conditions to be strong and that an investment in KommuneKredit's bonds remains a safe investment.
Moody’s highlights the following:
The support offered by
KommuneKredit’s Green Bond Committee approves DKK 3.1 billion in green loans
KommuneKredit’s Green Bond Committee has approved new green loans in the amount of DKK 3.1 billion. Including these recent approvals, which emphasizes the development of the green transition in the Danish municipalities and regions, the committee has approved green loans for a total of DKK 22.4 billion.
Last week, KommuneKredit’s Green Bond Committee approved green loans in the amount of D