Press release -
Kommuninvest raises EUR 1 000 million in Green Bond
Kommuninvest today issued EUR 1 000 million in a new Green Bond which matures on 15th of September 2027. This was the first green transaction this year.
Demand for the new bond was high. The order book consisted of almost 70 investors, with a total interest of above EUR 2,5 billion. The transaction was priced at zero basis point above mid-swaps.
– With a large and diversified order book, this was yet another positive green transaction in the EUR market. It is clear, that the dynamic sustainability work in the municipal sector in Sweden, and the extensive portfolio of green investment projects that has gradually been built up, are really appreciated by leading investors, says Marcus Waineby, Senior Funding Manager at Kommuninvest.
Including this transaction, Kommuninvest has a total of around SEK 71 billion outstanding in 10 Green Bonds – 4 of which are in SEK, 2 in USD and 4 in EUR.
Transaction details: Press Points
For further information
Marcus Waineby, Senior Funding Manager, tel: +46 706 96 77 69, e-mail: marcus.waineby@kommuninvest.se
Tobias Landström, Deputy Head of Debt Management, tel: +46 705 86 78 51, e-mail: tobias.landstrom@kommuninvest.se
Victoria Preger, Chief Communication Officer, phone: +46 702-66 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.
