Press release -
Kommuninvest issues USD 1.25 billion in new benchmark bond
Kommuninvest today issued USD 1.25 billion (approximately SEK 12.5 billion) in a new bond maturing on April 21, 2027. This was the first USD transaction of the year and demand was high and diversified from many leading investors.
The order book consisted of over 45 investors, with a total interest of above USD 2.5 billion. The bond was priced at 31 basis points above mid-swaps and 15 basis points above corresponding US Treasuries.
– Kommuninvest continue to show presence in the USD market, with strong and diversified demand from many leading investors. The USD market is crucial in our efforts to secure cost-effective financing for investments in the Swedish municipal sector, says Viktor Mejman, Funding Manager at Debt Management at Kommuninvest.
Transaction details: Press Points
For further information:
Tobias Landström, Head of Debt Management, phone: +46 70 586 78 51
e-mail: tobias.landstrom@kommuninvest.se
Viktor Mejman, Funding Manager at Debt Management, phone +46 73 805 08 65
e-mail: viktor.mejman@kommuninvest.se
Victoria Preger, Chief Communication Officer, phone: +46 70 266 87 26
e-mail: victoria.preger@kommuninvest.se
Topics
- Working life
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, 296 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.
