Press release -
Updated funding forecast for 2022: SEK 150 billion
Kommuninvest’s funding forecast for 2022 has been updated. The long-term funding (maturities longer than one year) is now expected to be approximately SEK 150 billion.
The initial forecast for the year was set at SEK 115-135 billion. In April, the forecast was revised to SEK 125-145 billion. This is now followed by yet another increase.
Funding will, depending on market conditions, be issued in Kommuninvest´s strategic markets: SEK, USD and EUR. The governing rule for the choice of market is the long-term funding cost. This implies that for example the depth and functioning of the markets are taken into consideration.
– The raised forecast is mainly due to large interest and exchange rate movements in a very volatile market. Kommuninvest has a low risk appetite and always good margins for collateral management and in the liquidity reserve. Therefore, the funding forecast is now slightly increased, 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 isa 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 ~53 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.
