Press release -
Kommuninvest issues SEK 3 billion in new bond
Kommuninvest today issued SEK 3 billion (USD 0.3 billion) in a new bond under the Swedish Benchmark Programme.
The new bond is labeled K2911 and matures on 2029-11-12. It will be added to the calendar for the weekly auctions of the programme.
The transaction, which had a bid-to-cover ratio of 3.43, was priced 51.25 basis points above mid-swaps and approximately 105 basis points above the corresponding Swedish government bond.
– It was positive to see such a strong investor interest in this new bond. To have the long-term investors onboard is important both for the development of the programme and for our ability to secure cost-effective financing of the investments of the municipal sector in Sweden, says Tobias Landström, Deputy 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 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.
