Press release -
Revised funding forecast for 2022: SEK 125-145 billion
Kommuninvest has updated the funding forecast for 2022. The long-term funding (maturities longer than one year) is now expected to be SEK 125-145 billion.
The initial forecast for the year was set at SEK 115-135 billion.
Funding will, depending on market conditions, be issued in Kommuninvest´s strategic markets: SEK, USD and EUR.
– Our lending volumes were slightly higher than forecasted in the first quarter. Given the relatively strong demand, we have increased our lending forecast for the rest of the year. In this situation, it is logical to also establish a higher funding forecast for 2022, 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, 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.
