Press release -
Kommuninvest issues USD 1 billion in new benchmark bond
Kommuninvest today raised USD 1 billion in a new bond, maturing on 2025-12-10, under the USD Benchmark Programme.
The order book consisted of 72 investors, with a total interest of above USD 2.6 billion. The bond was priced at 27 basis points above mid-swaps and 31 basis points above corresponding US Treasuries.
This was the first USD transaction of the year. In terms of pricing, the differences between the USD market and the SEK market continue to be small.
– This was a positive start of the year in the USD market. Demand was high and diversified, with a presence of many leading investors. The USD market is very important in our work to secure cost-efficient financing of investments in the municipal sector in Sweden, says Tobias Landström, Deputy 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 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.
