Press release -
Kommuninvest issues EUR 500 million in new Green Bond
Kommuninvest today issued EUR 500 million in a new Green Bond. This was the 17th green transaction so far.
Investor interest for the new bond, which matures on 2027-03-15, was strong. The order book included more than 100 investors, with a total interest of above EUR 4 billion. The transaction was priced at 8 basis points below mid-swaps.
After this transaction, Kommuninvest has a total of around SEK 72 billion outstanding in 10 Green Bonds – six of which are in SEK, two in USD and two in EUR.
– I am happy to note that our Green Bonds are meeting high demand in all our three strategic funding markets. This was yet another positive transaction in the EUR market. Our Green Bonds Programme is continuously driven forward by very active sustainability work within the municipal sector in Sweden, says Tobias Landström, Deputy Head of Debt Management at Kommuninvest.
Transaction details: Press Points
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 approx. SEK 550 billion (USD ~53 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.
