Kommuninvest raises EUR 1 billion in new bond
Kommuninvest today issued EUR 1 billion (approximately SEK 11.4 billion) in a new bond maturing on the 4th of October 2028. This is the third issue of the year in EUR.
Kommuninvest today issued EUR 1 billion (approximately SEK 11.4 billion) in a new bond maturing on the 4th of October 2028. This is the third issue of the year in EUR.
The quarterly report "Local Government Debt Management", which offers a picture of the structure and terms of the local government sector's total loan debt, has now been updated with new data for the second quarter of 2024.
On April 11, 2024, Kommuninvest published its annual Green Bonds Impact Report, in which the climate benefit from the municipal investment projects financed with Green Loans from Kommuninvest is reported. As a consequence of incorrect proxy calculations within the project category Green buildings, the reduced climate impacts is incorrectly reported for several projects. Kommuninvest is therefore p
Kommuninvest today publishes new Green Loan terms and an updated Green Bonds Framework. The new criteria are designed to promote the transition within the Swedish municipal sector, with the EU taxonomy as a central point of reference and with green financing requirements that work in practice.
Kommuninvest today raised another SEK 4.5 billion (USD 0.43 billion) in an outstanding Green Bond. This was the second green transaction this year. The bond is denominated in SEK and matures on the 18th of June 2031.
Following an updated analysis, Kommuninvest has decided that the funding forecast for 2024, which was established in December, will remain unchanged after the first quarter.
Kommuninvest today issued EUR 1 000 million in a new Green Bond which matures on 15th of September 2027. This was the first green transaction this year.
Demand for the new bond was high. The order book consisted of almost 70 investors, with a total interest of above EUR 2,5 billion. The transaction was priced at zero basis point above mid-swaps.
– With a large and diversified order book, thi
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 the start in 1986, the Kommuninvest collaboration has helped reduce the local government sector’s borrowing costs by many billion SEK. Currently, 294 municipalities and regions are members of this voluntary cooperation. With a balance sheet total of more than SEK 600 billion (USD ~55 billion), Kommuninvest is the largest lender to the local government sector and one of the ten largest credit institutions in Sweden. The head office is located in Örebro.
Drottninggatan 2
70142 Örebro
Sverige