The quarterly report "Local Government Debt Management", which offers a picture of the structure and terms of the local government sector's total loan debt in Sweden, has now been updated with new data for the second quarter of 2024.
Kommuninvest today issued USD 1 billion (approximately SEK 10.6 billion) in a new bond maturing on the 1st of July 2026. This was the third USD transaction of the year and demand was high and diversified from many leading investors.
Following an updated analysis, Kommuninvest has decided that the funding forecast for 2024 will remain unchanged.
Kommuninvest today issued SEK 3 billion (USD 0,3 billion) in a new Floating Rate Note under the Swedish Benchmark Program.
Kommuninvest has chosen to add the possibility of issuing FRN in Swedish kronor. The auctions in the Swedish benchmark program continue as usual and FRN borrowing is seen as a complement to the auctions.
Kommuninvest today issued EUR 1 billion (approximately SEK 11.4 billion) in a new bond maturing on the 4th of October 2028. This is the third issue of the year in EUR.
On April 11, 2024, Kommuninvest published its annual Green Bonds Impact Report, in which the climate benefit from the municipal investment projects financed with Green Loans from Kommuninvest is reported. As a consequence of incorrect proxy calculations within the project category Green buildings, the reduced climate impacts is incorrectly reported for several projects. Kommuninvest is therefore p
Kommuninvest today raised another SEK 4.5 billion (USD 0.43 billion) in an outstanding Green Bond. This was the second green transaction this year. The bond is denominated in SEK and matures on the 18th of June 2031.
Following an updated analysis, Kommuninvest has decided that the funding forecast for 2024, which was established in December, will remain unchanged after the first quarter.
Kommuninvest today issued EUR 1 000 million in a new Green Bond which matures on 15th of September 2027. This was the first green transaction this year.
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 zero basis point above mid-swaps.
– With a large and diversified order book, thi
Kommuninvest today issued SEK 3 billion (USD 0.28 billion) in a new bond under the Swedish Benchmark Programme.
Kommuninvest plans to, subject to market conditions, issue a new bond under the Swedish Benchmark Programme. The new bond, K3006, will mature on 2030-06-12. The first possible date of issuance is 24 of April.
The bond will be issued in an auction at Bloomberg’s auction platform (AUPD). The ambition is to issue SEK 3 billion.
– The Swedish Benchmark Programme continues to develop in a positi
Following an updated analysis, Kommuninvest has decided that the funding forecast for 2024, which was established in December, will remain unchanged.
A group of the largest Nordic public sector issuers have published updated green bonds reporting guidance, introducing revisions to critical metrics for quantifying impact and new recommendations to reflect recent market developments. The Nordic Position Paper on Green Bonds Impact Reporting, now in its fourth edition, was first introduced in 2017.
Kommuninvest today raised USD 1 billion in a new bond, maturing on the 30th of September 2026, under the USD Benchmark Programme. This was the first USD transaction of the year.
The order book consisted of 77 investors, with a total interest of above USD 2.8 billion. The bond was priced at 27 basis points above mid-swaps and 23,8 basis points above corresponding US Treasuries.
– The USD
Kommuninvest's quarterly digital report "Local Government Debt Management" provides a picture of the structure and terms of the local government sector's total loan debt. The report is now updated with new data for the fourth quarter of 2023 and also includes a look ahead that shows moderate continued interest rate increases for the sector.
The report is based on Kommuninvest’ s lending and tra
Kommuninvest today issued EUR 1 000 million (approximately SEK 11,4 billion) in a new bond maturing on the 12thof February 2027. This is the first issue of the year in EUR.
Demand for the new bond was high. The order book consisted of close to 57 investors, with bids over EUR 2,2 billion. The transaction was priced flat to the swap rate.
Long-term borrowing for 2024 is expected to amount to
Kommuninvest today raised another SEK 4 billion (USD 0.4 billion) in an outstanding Green Bond. The bond is denominated in SEK and matures on June 10th 2026.
The order book included ~ 15 investors, with a total interest of more than SEK 5,2 billion. The transaction was priced at 10 basis points above mid-swaps.
After this transaction, Kommuninvest has a total of over SEK 77 billion outstan
Kommuninvest today raised USD 500 million (approx. SEK 5,2 billion) in a new green bond that matures on the 29thof September 2028.
The order book included 76 investors, with total bids over USD 1,75 billion. The transaction was priced 47 basis points above the swap rate.
It is wonderful to see that our green bonds are meeting strong demand from investors all over the world. Our green bond
Kommuninvest today issued USD 1,25 billion in a new bond which matures on 2025-04-16.
The order book consisted of 84 investors, with a total interest of USD 3,9 billion. The bond was priced at 28 basis points above mid-swaps and 40 basis points above corresponding US Treasuries.
– The USD market is very important in our work to secure cost-effective financing of welfare investments in th
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 more than SEK 600 billion (USD ~55 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.
