KommuneKredit looks back on a satisfactory 2024, where the expansion of the district heating system across the nation has had a significant impact on the net lending of DKK 6.2 billion. 2024 was also the year when KommuneKredit celebrated its 125th anniversary, marking a business model that has proven resilient since the issuance of the first loan in 1899.
A loan for the new Borgring Viking Cas
On Wednesday 5th of March 2025, KommuneKredit priced a new USD 1 billion benchmark transaction maturing 28th of February 2030 at SOFR MS+44 bps representing a spread of 17,5 bps over UST 4.000% due same day.
On Tuesday 4th of March 2025 KommuneKredit announced the mandate for a new 1bn 5-year USD benchmark at 14:15 CET with IPTs at SOFR MS+47 bps area.
The orderbook officially opened
On Wednesday 15th of January, KommuneKredit priced a new EUR 750 million benchmark transaction maturing 17thof March 2033 at EUR MS+41bps representing a spread of 43bps over DBR 2.3% Feb-33.
On Tuesday 14th January 2025 KommuneKredit announced the mandate for a new long 8-year EUR benchmark at 10:00 CET.
The orderbook officially opened the following morning at 08:50 CET, with an initial spre
On Tuesday, the 3rd of September, KommuneKredit priced a new EUR 750 million benchmark transaction maturing the 4thof March 2032 at EUR MS+22bps representing a spread of 54.3bps over DBR 0% Feb-32.
On Monday, the 2nd September 2024, KommuneKredit announced the mandate for a new long 7-year EUR benchmark at 11:52 CET.
Following constructive feedback overnight the orderbook officially opened o
Summary
• Profit before value adjustments and tax came to DKK 230 million, a year-on-year increase of DKK 143 million.
• Total net interest income for the first half of 2024 was DKK 336 million, up DKK 145 million from the year-earlier level.
• The value of total loans and leases rose by DKK 3.6 billion from end-2023 to DKK 190.7 billion at 30 June 2024, primarily because the increase
On 18th June 2024, KommuneKredit tapped the Green May 2029 by EUR 500 million (no-grow). The bond priced at MS+8bps, representing a spread of 50bps over DBR 0.25% due 15th February 2029.
The transaction constitutes KommuneKredit’s fifth benchmark transaction of the year. The tap gave KommuneKredit the first opportunity to increase the circulating amount of a green bond from EUR 500 million to E
On Tuesday 7th of May, KommuneKredit priced a new DKK 5 billion long 3-year transaction at DKK MS-31bps. The transaction marks the beginning in establishing a liquid product in the shorter end of the DKK market and it is KommuneKredit’s intention to be a reoccurring, annual issuer in this format.
On Monday 29th of April KommuneKredit published a mandate announcement for a new long 3-year DKK Be
KommuneKredit is a Danish special-purpose credit institution, providing funding for the local growth and green transition in municipalities and regions across Denmark.
KommuneKredit is an association with sustainability at its core and a strong ESG profile. Our member base consists of all Danish municipal and regional authorities. Our guarantee structure and safe business model have secured us a premium credit rating (AAA) (Aaa).
That is why we can offer municipalities and regions instant and uncomplicated access to financing of projects large or small and at the lowest possible cost. With equal opportunities and terms for all – across the entire country.
That is how it has been since 1899, when KommuneKredit first disbursed a loan. And that is the way it is today, as our dedicated employees advise on and arrange more than 2,000 loans every year.
When investors buy our bonds, we can disburse loans for purposes ranging from energy renovation of a local sports centre to the purchase of a new eco-friendly hybrid ferry, or the establishment of more sustainable district heating systems across the country.
For the benefit of ordinary citizens, for our local communities, and for an even greener future.
