Press release -
Kommuninvest issues USD 1 billion in new bond
In the fourth issue this year under the USD Benchmark Programme, Kommuninvest today raised USD 1 billion in a new 4-year bond.
Investor interest for the bond, which matures on 2025-09-15, was strong. The order book amounted to more than USD 2.1 billion and included over 50 investors. The bond was priced at 1 basis point below mid-swaps and 29.8 basis points above corresponding US Treasuries.
The conditions, in terms of pricing in the USD market, continue to be competitive.
– Today’s transaction was a positive return to the USD market after the summer break. Once again, we were met by solid demand. The order book was large and well diversified. In our work to secure cost-efficient financing of investments in the Swedish welfare system, the USD Benchmark Programme plays an important role, says Tobias Landström, Deputy Head of Debt Management at Kommuninvest.
Please find attached below detailed Press Points.
For further information
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, 293 municipalities and regions are members of this voluntary cooperation. With a balance sheet total of approx. SEK 550 billion (USD ~63 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.
