Press release -
Kommuninvest issues USD 1 billion in new benchmark bond
Kommuninvest today raised USD 1 billion in a new bond, maturing on the 30th of September 2026, under the USD Benchmark Programme. This was the first USD transaction of the year.
The order book consisted of 77 investors, with a total interest of above USD 2.8 billion. The bond was priced at 27 basis points above mid-swaps and 23,8 basis points above corresponding US Treasuries.
– The USD market is very important in our work to secure cost-efficient financing of investments in the municipal sector in Sweden. This was a positive start of the year in the USD market since the demand was high and diversified, says Marcus Waineby, Senior Funding Manager at Kommuninvest.
Transaction details: Press Points
For further information
Tobias Landström, Deputy Head of Debt Management, tel: +46 705 86 78 51, e-mail: tobias.landstrom@kommuninvest.se
Marcus Waineby, Senior Funding Manager, tel: 070-696 77 69, e-mail: marcus.waineby@kommuninvest.se
Victoria Preger, Chief Communication Officer, tel: +46 702 66 87 26, e-mail: Victoria.preger@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 ~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.
