On Monday 26th February 2024, at 13:30 CET, KommuneKredit announced the mandate for a new USD 1bn no-grow 3-year benchmark transaction with initial price thoughts (IPTs) of SOFR MS+35bps.
The following morning, with a backdrop of constructive market sentiment and indications of interest (IOIs) in excess of USD 2.4bn (excluding JLM interest), KommuneKredit officially opened books at 09:10 CET w
On Wednesday 25th October 2023, KommuneKredit priced a new USD 750 million November-27 green bond. The transaction constitutes KommuneKredit’s inaugural USD denominated Green Bond issue providing additional diversification to KommuneKredit’s green investor base.
Tuesday 24th November KommuneKredit announced an upcoming USD 4-year Green Bond issuance with initial-price-thoughts of SOFR MS+43bps
On Wednesday 17th May, KommuneKredit priced a new USD 1 billion May-28 benchmark.
Tuesday morning 16th May KommuneKredit announced an upcoming USD-benchmark with initial-price-thoughts of SOFR MS+47bps area.
The transaction enjoyed a very strong reception and had, by the time books opened just after 09.00 CET on Wednesday morning, gathered indications of interest in excess of USD 1.9 billio
On Thursday 11th May, KommuneKredit priced a new CHF 225 million June-30 benchmark.
Thursday morning 11thMay KommuneKredit engaged BNP Paribas and Deutsche with the intent to issue minimum 100 million CHF. The orderbook officially opened at 09:55 CET with a guidance of SARON MS-16 area.
After strong investor interest the size was increased to 200 million at 10:50 and at 11:25 CET the final
On Wednesday 19th April, KommuneKredit priced a new EUR 500 million (no-grow) Apr-43 benchmark.
The orderbook officially opened on Wednesday the 19th of April at 09:00 CET, with an initial spread guidance of MS+52 bps area.
The deal started on a strong footing, with the orderbook reaching more than EUR 1.5 billion (excluding JLM interest) at 10:50 CET, at which point the spread was set 3bps
On Thursday 12th January, KommuneKredit priced a new EUR 500 million (no-grow) Jan-35 benchmark.
The orderbook officially opened on Thursday the 12st of January at 09:00 CET, with an initial spread guidance of MS+21 bps area.
Despite the non-benchmark maturity, the book was almost full at first book update, and the re-offer spread was fixed at MS+21bp. At noon CET the book closed with a good
On Wednesday 10 November 2021, KommuneKredit launched and priced a new 8-year EUR 750 million issue with a reoffer spread of MS -1 bp, which equated to 44.9 bps over the DBR 0 % August 2029 reference. The transaction priced with a 0 % annual coupon, a reoffer price of 99.872 % and 0.016 % reoffer yield.
The orderbook exceeded EUR 1.7bn with nearly 70 investors involved and the final spread
KommuneKredit announced a mandate for its inaugural GBP 250mn Dec 2024 Green Bond on Wednesday 13th October at 9.45am London time. Books opened at a reoffer spread of UKT +26 bps area. The spread was set in line with initial guidance at UKT+26bps with books reported in excess of GBP 185mn (excl. JLM interest) within 2 hours of books opening. Books closed at 12.30pm London time, and the bond was pr
On Wednesday 29th September, KommuneKredit priced the EUR 500mm increase of 0.01% due 4 May 2034, bringing the new outstanding amount to EUR 1,000,000,000. The reopening of the bond was jointly led by Goldman Sachs International, J.P. Morgan, SEB, TD Securities.
The mandate was announced to the market at 2:20pm CET on Tuesday 28th September. Books opened at 9am CET the following morning with g
On Thursday 9 September 2021, KommuneKredit issued its inaugural SOFR-linked Floating Rate Note; a 4-year USD 700 million bond. The transaction attracted a high quality orderbook with particularly strong support from the bank treasury community.
The mandate for KommuneKredits inaugural 4-year USD 700 million SOFR-linked bond was announced on Wednesday 8 September at 10:45 CET. Books opened the
Since 2017, KommuneKredit’s Green Committee has approved 504 green loans worth DKK 22.4 billion in total to support the green transition in local and regional Denmark. The estimated annual CO2 reduction attributed to the projects financed with proceeds from KommuneKredit’s green bonds amounts to approximately 1.74 mega tonnes, which is equivalent to the annual emission of approximately 100,000 Dan
On Friday 7 May 2021, KommuneKredit priced a new GBP 400m benchmark. This transaction was KommuneKredits first GBP transaction since 2018.
KommuneKredit has issued its first GBP transaction in three years. 19 investors divided into different investor types participated in this new issue. Order books were in excess of GBP 300m just one hour after the official announcement. The strong investor
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.
