Kommuninvest leaves the Uridashi market
Kommuninvest has decided to no longer issue bonds in the Japanese Uridashi market. The decision is part of a continuous effort to optimize the funding strategy.
Kommuninvest raises SEK 5 billion in new Green Bond
Kommuninvest today raised SEK 5 billion (USD 0.58 billion) in a new Green Bond. This was the 14th green transaction so far. The bond is denominated in SEK and matures on 2029-05-16.
The municipal sector continues to borrow at low interest rates
The report "Local Government Debt Management", which offers a picture of the structure and conditions of the funding of the debt of the municipal sector, has been updated. The average interest rate, including derivatives, of the total debt decreased from the second to the third quarter by 3 basis points to 0.90 percent. This is the lowest observation so far in a time series started in 2015.
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.
Kommuninvest issues SEK 3 billion in new 6-year bond
Kommuninvest today issued SEK 3 billion (USD 0.34 billion) in a new 6-year bond under the Swedish Benchmark Programme. The bond (K2706) matures on the 15th of June 2027.
Kommuninvest issues USD 1 billion in new bond
Kommuninvest today raised USD 1 billion in a new 4-year bond.
The Government must rethink: Taxing welfare investments is unreasonable
The Swedish Government has today clarified that it, despite broad and sharp criticism from the municipal sector, intends to move forward with an essentially unchanged proposal for a so-called risk tax to be paid by banks and other credit institutions. Kommuninvest believes that the Government must rethink: Taxing welfare investments is unreasonable.
Low borrowing costs for the municipal sector
The quarterly report "Local Government Debt Management" offers a picture of the structure and conditions of the funding of the total debt of the municipal sector. Today, an updated data set for Q2 2021 is presented. The average interest rate, including derivatives, of the total debt of the municipal sector decreased from the first to the second quarter 2021 by 1 basis point to 0.93 percent.
Interim Report 2021: Stable progress in a period of broad recovery
Kommuninvest i Sverige AB today publishes its Interim Report for 2021. In a first half of the year which was characterized by large-scale handling of the pandemic, macroeconomic recovery and good results in the municipal sector, Kommuninvest continued to make stable progress in its operations.