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
Mayor Martin Damm has joined KommuneKredit’s Board of Directors, as the current Chairman of the Board of Directors Henrik Hvidesten has decided to resign.
At the same time, the Board of Directors has elected Martin Damm as Chairman and Mayor Thomas Lykke Pedersen as Vice Chairman.
In connection with his election as Chairman, Martin Damm says:
"KommuneKredit’s financing plays an important
Today, 13 March, 2024, KommuneKredit has published Annual Report 2023
Summary
Net interest income was DKK 467 million compared with DKK 339 million in 2022.
Profit before value adjustments and tax was DKK 264 million, an increase of DKK 135 million compared with 2022. The increase was attributable mainly to growth in net interest income.
Comprehensive income for the year amounted to DKK 414
Today, we have published our 7th annual Green Bond Impact Report, which contains an account of the allocation of the proceeds from our green bonds (allocation reporting) as well as of the expected impacts of our green loan portfolio (impact reporting).
We are very pleased that our green bond as well as green loan portfolio continues to grow. At the turn of the year 2023/2024, we had in total a
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 24th January, KommuneKredit priced a new EUR 500 million (no-grow) Nov-38 benchmark.
The orderbook officially opened on Wednesday the 24th of January at 09:30 CET, with an initial spread guidance of MS+47 bps area.
The deal started on strong footing, very quickly covering the 500 million and progressing to 1 billion (excluding JLM interest) by the book update at 12:00 CET where
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.
