Press release -
Kommuninvest raises SEK 5 billion in new Green Bond
Kommuninvest today raised SEK 5 billion (USD 0.58 billion) in a new Green Bond. This was the 14th green transaction so far. The bond is denominated in SEK and matures on 2029-05-16.
There was broad interest from investors. The order book included 28 Swedish and international investors. The transaction was priced at 8 basis points above mid-swaps.
Kommuninvest now has a total of approximately SEK 57 billion outstanding in 8 Green Bonds, 6 of which are in SEK and 2 in USD.
– Our Green Bonds continue to meet strong demand in the market. The slightly longer maturity that we opted for this time, at around 7,5 years, turned out to match well with investors’ preferences. Our Green Bonds Programme finances very solid sustainability efforts in the municipal sector. We have now reached a total of around 500 green investment projects, says Tobias Landström, Deputy Head of Debt Management at Kommuninvest.
Please find attached below a detailed Deal Summary.
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.
