Press release -

Kommuninvest announces plans for new Green Bond

Kommuninvest has today announced plans to issue a new green bond, the fifth to date and the third in Swedish kronor. Nordea, SEB and Swedbank have been appointed lead managers for the transaction. The transaction can be expected in the near future, market conditions permitting.

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 9 October 2018, Kommuninvest's portfolio of Green loans amounted to a total of 209 projects in 98 municipalities and county councils/regions. In total, SEK 35.2 billion had been committed, of which SEK 22.8 billion had been disbursed.

Kommuninvest finances the Green loans through Green Bonds issuance. To date, Kommuninvest has issued a total of SEK 17.5 billion in four transactions, making Kommuninvest Sweden's largest green bond issuer.

Kommuninvest’s role as an aggregator and conduit issuer for cost-efficient funding of public sector investments has been recognized by the United Nations, which awarded Kommuninvest its United Nations ‘Momentum for Change’ Climate Solutions Award, in connection with the COP23 climate conference in Bonn, Germany, in 2017.

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 Sustainability, tel +46 708 86 94 76, e-mail: bjorn.bergstrand@kommuninvest.se

Topics

  • Economy, Finance

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.

Contacts

Related content

  • Kommuninvest green bonds help to avoid 515,000 tonnes of CO2

    ​Some 150 green investment projects financed by Kommuninvest green bonds contribute to reduce or avoid nearly 515,000 tonnes in annual carbon dioxide emissions, according to the issuer’s second green bonds impact report. This corresponds to emissions of approximately 350,000 cars with an annual mileage of 12,000 kilometres.

  • Kommuninvest updates its Green Bonds framework

    ​Kommuninvest, the Swedish local government debt office, has published an updated framework regarding Green Bonds issuance and green lending. The updated framework has been adopted by the Kommuninvest Green Bonds Environmental Committee, which mainly consist of independent environmental and energy specialists from the municipal sector.

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