Kommuninvest English

Kommuninvest launches first social bond

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Kommuninvest is taking a significant step in its work towards social sustainability by launching our first social bond. The bond, which has a long three-year maturity with fixed interest rate and maturing on September 1, 2028, will be presented to investors on March 25, with the support of Danske Bank, SEB, and Swedbank as Joint Lead Managers. The bond aims to finance projects with specific social goals and strengthen our commitment to a social sustainable development.

By mid-March, Kommuninvest had granted SEK 10.9 billion in Loans for Social Sustainability to 27 social investment projects among 21 of Kommuninvest's members, of which SEK 4.9 billion had been disbursed

Kommuninvest, together with Danske Bank, SEB, and Swedbank, will hold a global investor call on March 25th to present our Social Bonds Framework. The transaction is expected to take place during the week commencing March 31, subject to market conditions. Danske Bank and SEB have acted as advisers for structuring the Social Bonds Framework.

Kommuninvest's Social Bonds Framework

Sustainalytics Second-Party Opinion

Presentation “Loans for Social Sustainability”

For further information:

Björn Bergstrand, Head of Sustainability, phone: +46 708 86 94 76
e-mail: bjorn.bergstrand@kommuninvest.se

Patrick Nimander, Chief Financial Officer, phone: +46-72-254 94 60,
e-mail: patrick.nimander@kommuninvest.se

Tobias Landström, Head of Debt Management, phone: +46 70 586 78 51
e-mail: tobias.landstrom@kommuninvest.se

Victoria Preger, Chief Communication Officer, phone: +46 70 266 87 26
e-mail: victoria.preger@kommuninvest.se

Kontakter

We 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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