Press release -
Kommuninvest issues USD 1.25 billion in new benchmark bond
Kommuninvest today issued USD 1.25 billion in a new bond which matures on 2026-05-12.
Demand from investors was high. The order book consisted of more than 100 investors, with a total interest of USD 3.75 billion. The bond was priced at 31 basis points above mid-swaps and 15 basis points above a US Treasury bond of equivalent maturity.
This was the third USD issue of the year. Following the transaction, Kommuninvest has a total of USD 13 billion outstanding in the USD Benchmark Programme.
– The USD market continues to be very useful for us. With strong interest and a well-diversified order book, this was yet another solid benchmark transaction. The clear focus of our funding operations is always to secure cost-efficient financing of welfare investments in the municipal sector in Sweden, says Erik Rosenberg, 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
Erik Rosenberg, Senior Funding Manager, tel: +46 10 470 87 03, e-mail: erik.rosenberg@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 ~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.
