Press release -
Kommuninvest publishes 2020 funding forecast
Kommuninvest, the Swedish local government funding agency, has published a funding forecast of SEK 140– 160 billion for long-term funding in 2020 (longer than one-year duration). The forecast is based on 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 2020.
This is higher than 2019 where an outcome close to SEK 135 billion is expected. The increase is mainly due to a larger volume of maturing loans and borrowings in 2020 compared to 2019. New lending in 2020 is expected to be in line with 2019.
Long-term funding will have a focus on benchmark funding in SEK, USD and EUR. A smaller part of this will be funded through green bonds.
Of the more than SEK 650 billion in Swedish external municipal debt, more than half is funded via Kommuninvest. The company continues to grow as a result of a larger market share and the increased welfare investments by Swedish municipalities and 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, 289 municipalities and 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 institutions in Sweden. The head office is located in Örebro.
