Press release -
Kommuninvest raises EUR 500 million in Green Bond
Kommuninvest today issued EUR 500 million in a new Green Bond which matures on 2030-05-23. This was the 18th green transaction so far.
Demand for the new bond was high. The order book consisted of almost 70 investors, with a total interest of above EUR 2.5 billion. The transaction was priced at one basis point above mid-swaps.
Including this transaction, Kommuninvest has a total of around SEK 67 billion outstanding in 10 Green Bonds – six of which are in SEK, one in USD and three in EUR.
– With a large and well-diversified order book, this was yet another very positive green transaction in the EUR market. The dynamic sustainability work in the municipal sector in Sweden, and the extensive portfolio of green investment projects that has gradually been built up, are really appreciated by leading investors, says Tobias Landström, Deputy Head of Debt Management at Kommuninvest.
Transaction details: Press Points
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
David Ljung, Head of Communications, tel: +46 73 068 45 45, e-mail: david.ljung@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 approx. SEK 550 billion (USD ~53 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.
