Press release -
Kommuninvest publishes 2019 funding forecast
Kommuninvest, the Swedish local government funding agency, has published a funding forecast of SEK 100-120 billion for long-term funding in 2019 (longer than one year maturity). The forecast is based on the expected new lending, renewal of maturing loans and renewals of maturing outstanding borrowings, as well as on an assessment of the size of the liquidity reserve at the end of 2019.
As of 26 November, Kommuninvest had completed SEK 131.5 billion in long-term funding, compared with a forecast of SEK 130 bn (USD 14.4 bn) for the full-year 2018.
Long-term funding will continue to have a focus on benchmark funding in SEK and USD, including green funding, as well as Uridashi funding in the Japanese market.
Swedish municipal sector external loan debt exceeds SEK 600 billion, of which more than half is financed via Kommuninvest. Kommuninvest continues to grow as a result of a larger market share and the increased welfare investments by Swedish municipalities and county councils/regions.
Contact information
Christian Ragnartz, Head of Debt Management, tel: +46 706 073 834, 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, +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, 288 municipalities and county councils/regions are members of this voluntary cooperation, out of a total of 310 Swedish local governments. With total assets exceeding SEK 400 billion (USD ~45 billion), Kommuninvest is the largest lender to the local government sector and the sixth largest credit institution in Sweden. The head office is located in Örebro.
