KommuneKredit issues a new 7-year EUR benchmark

Press release -

KommuneKredit issues a new 7-year EUR benchmark

On Tuesday 16th January 2018, KommuneKredit issued its first Euro benchmark bond of 2018. The issue carries an annual coupon of 0.50% and has a maturity date of 24 January 2025. The bond was priced at a spread of mid-swaps minus 10bps. The initial price guidance was set at mid-swaps minus 8 bps and was quickly revised to mid-swaps minus 9 bps 30 minutes after. The momentum continued unabated, with books rapidly in excess of EUR 2.5bn, allowing KommuneKredit to set the reoffer spread at mid-swaps minus 10bps. Orders continued to grow, resulting in a final order book in excess of EUR 3bn, with over 80 investors participating.

Joint leads arrangers were Credit Agricole, Natixis, Nomura and Nordea.

For more information see the press release.

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KommuneKredit is an association, whose purpose is to provide lending to municipalities and regions and companies with a 100% municipal guarantee.

The association is the municipalities and regions own credit institution and exist solely for our clients.

Contacts

Jens Lundager

Jens Lundager

Press contact CEO +45 3369 7622

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KommuneKredit issues a new 7-year EUR benchmark
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KommuneKredit

KommuneKredit is a Danish special-purpose credit institution, providing funding for the local growth and green transition in municipalities and regions across Denmark.

KommuneKredit is an association with sustainability at its core and a strong ESG profile. Our member base consists of all Danish municipal and regional authorities. Our guarantee structure and safe business model have secured us a premium credit rating (AAA) (Aaa).

That is why we can offer municipalities and regions instant and uncomplicated access to financing of projects large or small and at the lowest possible cost. With equal opportunities and terms for all – across the entire country.

That is how it has been since 1899, when KommuneKredit first disbursed a loan. And that is the way it is today, as our dedicated employees advise on and arrange more than 2,000 loans every year.

When investors buy our bonds, we can disburse loans for purposes ranging from energy renovation of a local sports centre to the purchase of a new eco-friendly hybrid ferry, or the establishment of more sustainable district heating systems across the country.

For the benefit of ordinary citizens, for our local communities, and for an even greener future.

KommuneKredit
Kultorvet 16
DK-1175 Copenhagen K
Denmark
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