Press release -
Kommuninvest issues SEK 7 billion in new Green Bond
Kommuninvest today issued SEK 7 billion in a new Green Bond. It is denominated in SEK and matures on 2027-11-26. This was the 11th green transaction and the largest one in SEK. Only the Swedish Government, among public sector issuers, has made a larger green transaction in the SEK market.
Investor interest was strong. More than 30 Swedish and international investors participated in the order book, which reached above SEK 9,5 billion. The transaction was priced at 11 basis points above mid-swaps.
- I am glad to see the very positive dynamics of green financing. Many municipalities and regions are moving quickly forward in the development of green investment projects. At the same time, investors are showing strong interest in our Green Bonds. Today, it was particularly positive that more than half of the order book consisted of international investors. So far, the green trend seems to have intensified, rather than weakened, during the Corona pandemic, says Tobias Landström, Deputy Head of Debt Management at Kommuninvest.
After the completion of this transaction, Kommuninvest has a total of approximately SEK 42.5 billion outstanding in six Green Bonds, four of which are in SEK and two in USD.
Please find attached a detailed Deal Summary.
For further information
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, 292 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.
