Press release -
Kommuninvest issues USD 500 million in new green bond
Kommuninvest today raised USD 500 million (approx. SEK 5,2 billion) in a new green bond that matures on the 29thof September 2028.
The order book included 76 investors, with total bids over USD 1,75 billion. The transaction was priced 47 basis points above the swap rate.
- It is wonderful to see that our green bonds are meeting strong demand from investors all over the world. Our green bond programme is constantly driven forward by proactive sustainability work in the local government sector, says Märta Petrini, funding manager at Kommuninvest.
Following this transaction, Kommuninvest has a total of SEK 73 billion outstanding in 11 green bonds – five in SEK, two in USD and four in EUR.
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
Märta Petrini, Funding Manager
Phone: +46 705 57 72 57
E-mail: marta.petrini@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, 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.
