Press release -
Kommuninvest raises EUR 1 000 million in new bond
Kommuninvest today issued EUR 1 000 million (approximately SEK 11,4 billion) in a new bond maturing on the 12thof February 2027. This is the first issue of the year in EUR.
Demand for the new bond was high. The order book consisted of close to 57 investors, with bids over EUR 2,2 billion. The transaction was priced flat to the swap rate.
Long-term borrowing for 2024 is expected to amount to SEK 130–150 billion.
- Our focus is to secure the best possible financing conditions for the extensive investments that municipalities and regions are now making in the Swedish welfare system. With a well-diversified order book, this was another very positive transaction in the EUR market, says Marcus Waineby, Senior Funding Manager, Kommuninvest.
Transaction details: Press Points
For further information:
Christian Ragnartz, Head of Debt Management, phone: +46-70-607 38 34
e-mail: christian.ragnartz@kommuninvest.se
Marcus Waineby, Senior funding manager, phone: +46-10 470 88 63
e-mail: marcus.waineby@kommuninvest.se
Victoria Preger, Chief Communication Officer, phone: +46-70-266 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.
