Kommuninvest issues SEK 3 billion in new bond
Kommuninvest today issued SEK 3 billion (USD 0.27 billion) in a new bond under the Swedish Benchmark Program.
The new bond, labeled K3011, matures on November 12, 2030, and will be added to the calendar for the program’s weekly auctions.
The transaction, which had a bid-to-cover ratio of 2.85, was priced 30.56 basis points above mid-swaps and approximately 58 basis points above the corresponding Swedish government bond.
– Having long-term investors on board is important both for the development of the program and for our ability to secure cost-effective financing for the municipal sector’s investments in Sweden, says Tobias Landström, Head of Debt Management at Kommuninvest.
For further information:
Tobias Landström, Head of Debt Management, phone: +46 70 586 78 51
e-mail: tobias.landstrom@kommuninvest.se
Marcus Waineby, Team Lead of Debt Management, phone +46 70 696 77 69
e-mail: marcus.waineby@kommuninvest.se
Victoria Preger, Chief Communication Officer, phone: +46 70 266 87 26
e-mail: victoria.preger@kommuninvest.se
Kontakter
Victoria PregerChief Communication OfficerKommuninvest
Tel:+46 702 66 87 26victoria.preger@kommuninvest.seWe finance welfare
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 more than SEK 600 billion (USD ~55 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.
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