Press release -
Kommuninvest issues SEK 3.5 billion in new Green Bond
Kommuninvest today raised SEK 3.5 billion (USD 0.3 billion) in a new Green Bond. This was the 16th green transaction so far. The bond is denominated in SEK and matures on 2025-09-01.
After this transaction, Kommuninvest has a total of around SEK 67 billion outstanding in nine Green Bonds – six of which are in SEK, two in USD and one in EUR.
Investor interest was strong. The order book consisted of 28 Swedish and international investors. The transaction was priced at 4 basis points below mid-swaps.
– Our Green Bonds continue to be in high demand. We were pleased to see such a large and diversified orderbook, including several of the leading investors within sustainable finance. Up until now these bonds, via our Green Loans, have contributed to financing more than 550 green investment projects throughout the municipal sector in Sweden, says Christian Ragnartz, 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 close to SEK 600 billion (USD ~57 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.
