Press release -
Kommuninvest raises USD 1 billion in new bond
Kommuninvest today issued USD 1 billion in a new bond which matures on 2023-07-05. This was the fifth transaction in 2021 under the USD Benchmark Programme.
The order book included more than 30 investors and summed up at USD 1.6 billion. The bond was priced at 6 basis points below mid-swaps and 3.7 basis points above corresponding US Treasuries.
For Kommuninvest, the USD market continues to present good terms and a pricing at roughly the same level as in the SEK market.
– This was yet another positive transaction in the USD market. Investor interest was strong. The order book was large and well diversified. The USD market has throughout the year been an important tool 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, 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.
