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 2025-04-16.
The order book consisted of 84 investors, with a total interest of USD 3,9 billion. The bond was priced at 28 basis points above mid-swaps and 40 basis points above corresponding US Treasuries.
– The USD market is very important in our work to secure cost-effective financing of welfare investments in the Swedish local government sector. We continue to meet strong investor interest and we had a well-diversified order book, which resulted in another solid benchmark transaction, says Senior Funding Manager at Kommuninvest.
This was the fourth USD issue of the year. Following the transaction, Kommuninvest has a total of USD 14,25 billion outstanding in the USD Benchmark Programme.
Transaction details: Press Points
For further information:
Tobias Landström, Deputy Head of Debt Management
Phone: +46 705 86 78 51
E-mail: tobias.landstrom@kommuninvest.se
Erik Rosenberg, Senior Funding Manager
Phone: +46 10 470 87 03
E-mail: erik.rosenberg@kommuninvest.se
Victoria Preger, Chief Communication Officer
Phone: +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, 295 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.
