Press release -
Kommuninvest raises EUR 500 million in new Green Bond
Kommuninvest today raised EUR 500 million in a new Green Bond maturing on 2029-09-01. This was the 15th green transaction so far.
This was the first bond issued in EUR since Kommuninvest's decision in 2019 to establish three strategic funding markets: SEK, USD and EUR.
Investor interest was strong. The order book included over 60 investors, with bids totalling more than EUR 1.8 billion. The transaction was priced at 4 basis points below mid-swaps.
Kommuninvest now has a total of approximately SEK 61 billion outstanding in 8 Green Bonds. In addition to today’s EUR bond, five of them are in SEK and two in USD.
– Our Green Bonds continue to meet high demand from investors. Until now, we have done our green funding in SEK and USD. That we today made a very positive green transaction in our third strategic market, EUR, was a good step in the right direction. Our Green Bonds Programme, which now includes more than 500 green investment projects, is an important factor in the dynamic sustainability work carried out 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, 293 municipalities and regions are members of this voluntary cooperation. With a balance sheet total of approx. SEK 550 billion (USD ~63 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.
