Press release -
Kommuninvest issues EUR 500 million in a new Green Bond
Kommuninvest today raised EUR 500 million in a new Green Bond. This was the 20th green transaction so far.
Demand for the new bond, which matures on 2027-12-08, was strong. The order book included 58 investors, with a total interest of above EUR 1.3 billion. The transaction was priced at 8 basis point below mid-swaps.
Following this transaction, Kommuninvest has a total of close to SEK 66 billion outstanding in 10 Green Bonds – five of which are in SEK, one in USD and four in EUR.
– We are building an increasing presence in the EUR market. Since the beginning of last year, we have issued four green EUR bonds with good results. This is a positive step forward both for our funding and for our sustainability work that contributes to promote the green transition of the municipal sector in Sweden, says Märta Petrini, Funding manager at Kommuninvest.
Transaction details: Press Points
For further information
Christian Ragnartz, Head of Debt Management, tel: +46 706 07 38 34, e-mail: christian.ragnartz@kommuninvest.se
Märta Petrini, Funding manager, tel: +46 70 557 72 57, e-mail: marta.petrini@kommuninvest.se
David Ljung, Head of Communications, tel: +46 73 068 45 45, e-mail: david.ljung@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 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 ~54 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.
