Press release -
Kommuninvest issues 7-year SEK bond
In the near future Kommuninvest plans to, subject to market conditions, issue a 7-year bond under the Swedish Benchmark Programme. The first possible date of issuance is 24 March.
The bond will be denoted K2805 and will mature on 2028-05-12. The ambition is to reach benchmark status, equivalent to SEK 3 billion in outstanding volume, on the first day of trading.
The Swedish Benchmark Programme accounts for a significant share of Kommuninvest’s funding and has an outstanding volume of approx. SEK 272 billion before the planned issue.
- The krona programme is a cornerstone of Kommuninvest’s funding and we continue the long-term work of gradually developing it. A new bond with a slightly longer maturity is in line with the established funding strategy and customer demand, says Christian Ragnartz, Head of Debt Management at Kommuninvest.
As a consequence, the auction in the Swedish Benchmark Programme planned for 24 March will be canceled.
For further information
Christian Ragnartz, Head of Debt Management, tel: +46 706 07 38 34, e-mail: christian.ragnartz@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, 292 municipalities and regions are members of this voluntary cooperation. With a balance sheet total exceeding SEK 525 billion (USD ~62 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.
