Press release -
Kommuninvest issues SEK 3 billion in new 6-year bond
Kommuninvest today issued SEK 3 billion (USD 0.34 billion) in a new 6-year bond under the Swedish Benchmark Programme. The bond (K2706) matures on the 15thof June 2027.
The transaction, which had a bid-to-cover ratio of 4.3, was priced 4.8 basis points above mid-swaps and 54 basis points above the corresponding Swedish government bond.
The new bond will be included in the calendar for the regular auctions in the Swedish Benchmark Programme.
- This was a positive step forward in the development of our SEK funding. The new bond met strong demand and will be an important addition to the programme. The favourable dynamics makes it easier for us to deliver on our mission: cost-efficient financing for welfare investments, 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, 293 municipalities and regions are members of this voluntary cooperation. With a balance sheet total of approx. SEK 550 billion (USD ~63 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.
