Standard & Poor’s confirms Kommuninvest’s AAA rating, with stable outlook
On 24 May, Standard & Poor’s, the credit rating agency, published its updated credit opinion on Kommuninvest. The rating remained unchanged at the highest possible level, AAA, with a stable outlook.
Kommuninvest now behind the three largest green bonds ever issued out of Sweden
The third green bond from Kommuninvest, the Swedish local government debt office, met great demand when it was issued on Tuesday. The new USD 500mn 4-year RegS/144A Green Bond was Kommuninvest’s third green bond, following its inaugural USD 600 mn 3-year transaction in March 2016 and the SEK 5 bn 4-year transaction in October 2016.
Kommuninvest releases its first Green Bonds Impact Report
Kommuninvest has published its first green bonds impact report, following the introduction of Kommuninvest Green Loans to clients in 2015, the subsequent build-up of a portfolio of eligible assets, and the issuance of two green bonds throughout 2016.
Kommuninvest launches K2302, a new bond in its Swedish Benchmark Programme
Kommuninvest will shortly, and market conditions permitting, issue a new bond under its Swedish Benchmark Programme. The bond, labelled K2302, will mature on 22 of February 2023. Kommuninvest targets benchmark status for K2302, equivalent to at least SEK 3 billion outstanding on the first day of trading. Final terms are to be established shortly.
Kommuninvest annual accounts 2016: Continued capital build-up ahead of leverage ratio
The Swedish local government debt office, Kommuninvest i Sverige AB, reports an increase in lending, stable results and a strengthening of capital, according to its annual accounts for 2016. Operating profit was SEK 398 (656) million and the reported leverage ratio was 1.56 (0.87) percent. At 31 December 2016, lending amounted to SEK 277 (254) billion.
Kommuninvest issues USD 1.25 billion in sought-after first benchmark of the year
Kommuninvest i Sverige AB, rated AAA/Aaa, issued its first USD benchmark transaction for the year on Tuesday. The Swedish local government debt office printed USD 1.25 billion in 3-year Reg-S/144a notes. The order book exceeded USD1.9bn with 45 participating accounts, primarily central banks & official institutions as well as bank treasuries.
Anders Gånge, Head of Funding and Treasury at Ko