Press release -
Revised funding forecast for 2021
Kommuninvest has revised its funding forecast for 2021. The volume of long-term funding (maturities longer than one year) is now expected to be SEK 120-130 billion. The initial forecast for the year was set at SEK 120-140 billion.
Funding will, depending market conditions, be done in Kommuninvest´s strategic markets: SEK, USD and EUR.
- The adjustment is mainly due to the fact that we now foresee slightly lower lending growth than previously expected. Extensive state support in connection with the Corona pandemic has in the short term created a situation where many municipalities and regions show strong results and dampened borrowing needs, says Christian Ragnartz, Head of Debt Management at Kommuninvest.
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, 292 municipalities and regions are members of this voluntary cooperation. With a balance sheet total exceeding SEK 525 billion (USD ~62 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.
