Press release -
Funding forecast for 2023: SEK 130–150 billion
Kommuninvest has established the funding forecast for 2023. Long-term funding (maturities longer than one year) is expected to be SEK 130–150 billion.
Funding will, depending on market conditions, be carried out in Kommuninvest´s strategic markets: SEK, USD and EUR. As there are outstanding bonds maturing in 2023, the potential for issuing Green Bonds will be large.
– Most municipalities and regions are facing tougher economic conditions in their investment planning. Therefore, we expect lending to grow at a relatively slow pace. Because of geopolitical developments and continued volatility in the market, the uncertainty of the forecast is higher than normal, 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 the start in 1986, the Kommuninvest collaboration has helped reduce the local government sector’s borrowing costs by many billion SEK. Currently, 294 municipalities and regions are members of this voluntary cooperation. With a balance sheet total of close to SEK 600 billion (USD ~58 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.
