Press release -
Updated funding forecast for 2021: SEK 120 billion
Kommuninvest has revised its funding forecast for 2021. The long-term funding (maturities longer than one year) is now expected to be SEK 120 billion.
The previous update, to SEK 120-130 billion, was made in June. The initial forecast for the year was set at SEK 120-140 billion.
Funding will, depending on market conditions, be issued in Kommuninvest´s strategic markets: SEK, USD and EUR.
– Many municipalities and regions are currently in a financial situation where liquidity is good and results are relatively strong. This means that the borrowing needs increase at a slower pace and that we, on our side, get a slightly lower lending growth than previously forecasted, says Christian Ragnartz, Head of Debt Management at Kommuninvest.
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.
