Kommuninvest issues USD 1 billion in new benchmark bond

Press release -

Kommuninvest issues USD 1 billion in new benchmark bond

Kommuninvest today issued USD 1 billion in a new bond under the USD Benchmark Programme. The bond matures on 2024-11-29.

Investor interest was strong. The order book included 52 investors. The bond was priced 0 basis points above mid-swaps and 26 basis points above corresponding US Treasuries.

This was the second transaction of the year under this programme. At the beginning of March, a new Green Bond was issued in USD. The USD market continues to present good terms and a pricing at approximately the same level as the SEK market.

– This was a positive transaction under favourable market conditions. We are particularly happy with the investor diversification both when it comes to investor type and geographical domicile. In our work to finance welfare investments in the Swedish municipal sector, the USD market plays an important role, says Tobias Landström, Deputy Head of Debt Management at Kommuninvest.

Including this transaction, Kommuninvest has so far in 2021 borrowed around SEK 40 billion. The funding forecast for this year is SEK 120–140 billion.

Please find attached more detailed Press Points.

For further information

Tobias Landström, Deputy Head of Debt Management, tel: +46 705 86 78 51, e-mail: tobias.landstrom@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, 292 municipalities and regions are members of this voluntary cooperation. With a balance sheet total exceeding SEK 525 billion (USD ~62 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.

Contacts

Victoria Preger

Victoria Preger

Press contact Chief Communication Officer +46 702 66 87 26

Related media

USD Issue Press Points rev
  • USD Issue Press Points rev
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We finance welfare

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.

Kommuninvest
Drottninggatan 2
70142 Örebro
Sverige
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