Press release -
Kommuninvest raises USD 1 billion in new bond
Kommuninvest today issued USD 1 billion in a new bond, maturing on 2025-03-01, under the USD Benchmark Programme.
Interest for the new bond was strong. The order book included more than 50 investors and bids totalling over USD 2 billion. The bond was priced at 25 basis points above mid-swaps and 17 basis points above corresponding US Treasuries.
This was the second USD transaction of the year. In terms of pricing, the differences between the USD market and the SEK market continue to be small.
– Once again, demand in the market was solid. The order book was large and well diversified, with a clear presence of leading global investors. The favorable dynamics means that we can secure cost-efficient financing of important welfare investments in the Swedish municipal sector, says Christian Ragnartz, 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 525 billion (USD ~56 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.
