Press release -
Kommuninvest raises USD 1 billion in new bond
Kommuninvest today raised USD 1 billion in a new benchmark bond. This was the sixth USD transaction in 2022.
The new bond matures on 7th August 2024. It was priced at 20 basis points above mid-swaps and 35.5 basis points above corresponding US Treasuries.
Including this transaction, Kommuninvest has so far in 2022 raised SEK 135 billion. The funding forecast for 2022 stands at approximately SEK 150 billion.
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 close to SEK 600 billion (USD ~58 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.
