Press release -
Funding forecast for 2021
Kommuninvest has established its funding forecast for 2021. The volume of long-term funding (maturities longer than one year) is expected to be SEK 120-140 billion.
The new forecast is based on expected turnover of maturing loans, new lending, customer demand as well as the size and financing of the liquidity reserve at the end of the year.
Funding operations will, depending on prices and market conditions, be carried out in Kommuninvest´s strategic markets: SEK, USD and EUR. The intention is that Green Bonds will be issued in all three markets.
- We envisage that investment and borrowing volumes in municipalities and regions will continue to grow in 2021, but at a slightly lower pace than in recent years. An important factor is that strengthened Covid-19 related government support for the municipal sector currently has a dampening effect on borrowing needs, says Christian Ragnartz, Head of Debt Management at Kommuninvest.
For further information
Christian Ragnartz, Head of Debt Management, tel: +46 706 07 38 34, e-mail: christian.ragnartz@kommuninvest.se
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 its inception in 1986, the Kommuninvest collaboration has helped lower the local government sector’s borrowing costs by many billion kronor. Currently, 292 municipalities and counties/regions are members of this voluntary cooperation. With total assets exceeding SEK 450 billion (USD ~47 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.
