Press release -
Kommuninvest launches K2602, a new bond in its Swedish Benchmark Programme
Kommuninvest will shortly, market conditions permitting, issue a new bond under its Swedish Benchmark Programme. The bond, labelled K2602, will mature on 4 February 2026. Kommuninvest targets benchmark status for K2602, equivalent to SEK 3 billion outstanding on the first day of trading. Final terms are to be established shortly.
Kommuninvest finances more than 50 percent of the total external borrowings of Swedish local governments, with a substantial part of its own funding undertaken in its Swedish Benchmark Programme. The current outstanding volume in the Programme is SEK 231 billion in nine bonds.
– We continue to build the Swedish benchmark bond programme, a now well-established part of the Swedish fixed income market. The focus remains on transparency, predictability and, as far as possible, flexibility towards investors, says Christian Ragnartz, Head of Debt management.
Kommuninvest’s Swedish Benchmark Programme is the joint capital markets funding programme for municipalities and regions. Kommuninvest focus on a few markets in order to achive as efficient funding as possible for municipal and regional investments.
Kommuninvest’s current long-term funding forecast for 2020 is SEK 140–160 billion.
For further information
Christian Ragnartz, Head of Debt Management, tel: +46 706 07 38 34, e-mail: christian.ragnartz@kommuninvest.se
Tobias Landström, Deputy Head of Debt Management, tel: +46 705 86 78 51, e-mail: tobias.landstrom@kommuninvest.se
Björn Bergstrand, Head of Media Relations, tel: +46 708 86 94 76, e-mail: bjorn.bergstrand@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 its inception in 1986, the Kommuninvest collaboration has helped lower the local government sector’s borrowing costs by many billion kronor. Currently, 290 municipalities and counties/regions are members of this voluntary cooperation. With total assets exceeding SEK 450 billion (USD ~47 billion), Kommuninvest is the largest lender to the local government sector and one of the ten largest credit institution in Sweden. The head office is located in Örebro.
