Press release -
Kommuninvest raises USD 1 billion in new bond
Kommuninvest today issued USD 1 billion in a new bond maturing on 2024-01-16. This was the fourth USD transaction of the year.
Interest in the transaction was strong. 55 investors, with bids totalling over USD 2.0 billion, were included in the order book. The bond was priced at 11 basis points above mid-swaps and 26.1 basis points above corresponding US Treasuries. For Kommuninvest, the price levels are now lower in the USD market than in the SEK market.
– Our USD transactions have so far this year been successful. This one was no exception. With a large and diversified order book, the outcome turned out to be very positive. The USD market plays an important role in our work to secure cost-efficient financing of investments in the municipal sector in Sweden, says Christian Ragnartz, 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, 294 municipalities and regions are members of this voluntary cooperation. With a balance sheet total of approx. SEK 525 billion (USD ~56 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.
