Press release -
Kommuninvest raises USD 1 billion in new bond
Kommuninvest today issued USD 1 billion in a new bond under the USD Benchmark Programme.
Demand for the new bond, which matures on 2025-07-02, was high. The order book included close to 90 investors, with a total interest of more than USD 3.3 billion. The bond was priced at 29 basis points above mid-swaps and 17 basis points above corresponding US Treasuries.
Following the transaction, which was the second USD issue of the year, Kommuninvest has a total of USD 14.5 billion outstanding in this programme.
– We continue to be met by strong investor interest in the USD market. The order book was once again large and well diversified. The fact that we now continuously operate in all our three strategic markets – USD, EUR and SEK – is a clear advantage. In the end, this is all about securing cost-effective financing of welfare investments in Sweden, 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 ~51 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.
