Press release -
Kommuninvest issues SEK 4.5 billion in Green Bond
Kommuninvest today raised another SEK 4.5 billion (USD 0.43 billion) in a Green Bond. This was the second green transaction this year. The bond is denominated in SEK and matures on the 18th of June 2031.
The order book encompassed 21 investors, with a total interest of more than SEK 4.7 billion. The transaction was priced at 28 basis points above mid-swaps.
After this transaction, Kommuninvest has a total of over SEK 75 billion outstanding in 11 Green Bonds – 5 in SEK, 1 in USD and 5 in EUR.
– Our green bonds continue to be in high demand. Our green bond programme, which now includes more than 600 approved green investment projects, have an important role in the sustainable transition in the municipal sector, says Marcus Waineby, Senior Funding Manager at Kommuninvest.
Transaction details: Press Points
For further information
Marcus Waineby, Senior Funding Manager, phone: +46 70 696 77 69, e-mail: marcus.waineby@kommuninvest.se
Patrick Nimander, Chief Financial Officer, tel: +46 10 470 88 31, e-mail:
patrick.nimander@kommuninvest.se
Tobias Landström, Acting Head of Debt Management, phone: +46 705 86 78 51, e-mail: tobias.landstrom@kommuninvest.se
Victoria Preger, Chief Communication Officer, phone: +46 70 266 87 26, e-mail: victoria.preger@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 more than SEK 600 billion (USD ~55 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.
