Press release -
Kommuninvest issues 6-year bond in SEK
Kommuninvest has issued SEK 3 billion in a new 6-year bond for its Swedish Benchmark Bond programme. The transaction was closed within minutes and met great demand.
The new bond, labelled K2602, matures on February 4, 2026 and was issued at a yield of 0.43 percent, about 67 basis points over the interpolated Swedish government bond curve and about 16.5 basis points above the reference mid-swaps rate.
Following the issue, Kommuninvest has ten outstanding bonds in the Swedish Benchmark Bond programme, maturing annually between 2020 and 2026. The total outstanding volume in the programme amounts to SEK 234 billion.
Kommuninvest’s current forecast for long-term borrowing for 2020 is SEK 140-160 billion. With the issue of K2602, a total of SEK 5.5 billion has been funded to date.
For further information
Christian Ragnartz, Head of Debt Management, tel: +46 706 07 38 34, e-mail: christian.ragnartz@kommuninvest.se
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, tel: +46 10 470 87 31 alt. +46 70 886 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, 290 municipalities and regions are members of this voluntary cooperation. With total assets exceeding SEK 450 billion (USD ~47 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.
