Press release -
Kommuninvest issues SEK 5 billion in Green Bond
Kommuninvest today issued SEK 5 billion in a new green transaction, its tenth to date and the seventh in SEK. The issue consisted of a tap of the Green Bond G2306 which matures on 2023-06-01. This means that this bond now has an outstanding volume of SEK 11 billion.
Interest in the issue was very high, with participation from 15 investors. The issue was oversubscribed 1,6 times. The transaction was priced at the lower end of the indicated interval, at 3 basis points above mid-swaps.
- We are pleased to see that the issue was so successful. This confirms the broad and strong demand for our Green Bonds. Municipalities and regions are doing intensive work on environmental issues and are continuously developing new green projects. To see this work met by such strong demand from investors is very positive, says Christian Ragnartz, Head of Debt Management at Kommuninvest.
After this transaction, Kommuninvest has a total of around SEK 37.5 billion outstanding in five Green Bonds, three of which are in SEK and two in USD.
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 its inception in 1986, the Kommuninvest collaboration has helped lower the local government sector’s borrowing costs by many billion kronor. Currently, 291 municipalities and counties/regions are members of this voluntary cooperation. With total assets exceeding SEK 450 billion (USD ~47 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.
