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Disclaimer

The content of this section is intended for investors and for informational purposes only. The content is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation. Kommuninvest does not make representation or warranty (express or implied) of any nature or accept any responsibility or liability of any kind for accuracy or sufficiency of any information, statement, assumption or projection in this information, or for any loss or damage (whether direct, indirect, consequential or other) arising out of reliance upon this content. The reader of the information of this section is solely responsible for making its own independent appraisal of the contents herein.

Cookies

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There are two kinds of cookie. One kind saves the file for a long time on the visitor’s computer; this cookie has an expiry date.When the expiry date has passed, the cookie is deleted when the user returns to the website that created it.The second kind of cookie is called a ‘session cookie’ and does not have an expiry date. This cookie is temporarily stored in the memory of a user’s computer while the user is surfing on a site, for example to keep track of which language the user has chosen. A session cookie is not stored in the user’s computer for a long period of time, but disappears when the user shuts down their web browser.

Google Analytics

Kommuninvest website uses Google Analytics, a web analytics service provided by Google. Google Analytics use cookies and the information generated by them, through your use of this website (including your IP address), will be transmitted to and stored by Google on servers in the United States. This information is used to evaluate visitor statistics. Kommuninvest, for example, use reports from the visits on the web site to improve content, navigation and structure.

Google may also transfer this information to third parties whenit is required by law or whenthird parties process the information on Google's behalf. Google will not associate IP addresses with any other data held by Google. You may refuse the use of cookies by selecting the appropriate settings in the browser (see below). By visiting Kommuninvest´s site, you agree that Google processes personal information in the manner and for the purposes described above.

How to avoid cookies

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If you have any questions about this don’t hesitate to contact us.

Information regarding the treatment of personal data by Kommuninvest i Sverige AB

There are provisions contained within The Personal Data Act (“personuppgiftslagen” 1998:204) regarding the way in which personal data should be treated. The purpose of this legislation is to protect individuals from having their privacy violated via the processing of their personal data. The term “personal data” in this context refers to any information that can directly or indirectly be attributed to a living human being.

Kommuninvest i Sverige AB (“Kommuninvest”) is responsible for all personal data that is processed within the entire organisation. Below is a brief description of what personal data is processed, the reason why it is processed, and your individual right of access to any and all data that is held about you. Please feel free to get in touch with us if you need any further information about this by using the contact details below.

Personal data that is being managed

Kommuninvest processes personal data for the administration and execution of contracts that are in force, and also in order to be able to fulfil its legal obligations. Kommuninvest processes personal data that is provided voluntarily in connection with visits to the Kommuninvest website, when entering into contracts, or when data is otherwise recorded in connection with the preparation or administration of a contract (for example, in connection with a lending or borrowing agreement). When matters are dealt with on the telephone, personal data is also processed because such telephone calls are recorded. Kommuninvest may also supplement personal data by obtaining further information from public records.

Personal data may be disclosed in certain situations where Kommuninvest is obliged by law to provide information to an agency, for example the Swedish Financial Supervisory Authority, or the Swedish Data Inspection Board.

Transcript from register and the rectification of errors

Once a year you can, free of charge, request a transcript from Kommuninvest whereby you will receive information on the personal data about you that is being held, where this data came from, why it was obtained, the purpose for which it is being held, and to whom any data may be disclosed. If you would like to be sent such a transcript, please send a written request, signed by you, to the address you will find below. You can notify us at the same address if you no longer wish to receive information from Kommuninvest, or if you would like to request the correction of some erroneous or incomplete personal data.

Kommuninvest’s Swedish Benchmark Programme enters new phase

Kommuninvest will shortly, and given the market situation, issue a new bond under its Swedish Benchmark Programme. The bond, labelled K2109, will mature on 15 September 2021. Kommuninvest targets benchmark status for K2109, with at least SEK 3 billion outstanding on the first day of trading. Final terms are to be established shortly.

Kommuninvest is approaching its 2015 target of SEK 110-140 billion outstanding in the Programme, set when the Programme launched in 2010. By 31 March, some SEK 107 billion was outstanding. As a result, the management of the Programme can enter a new phase.

– We have established a good curve, with six outstanding bonds in the one to six year spectrum. Going forward, we will increasingly look to extend the curve and grow the programme proportionally to growth in lending, says Anders Gånge, Head of Funding.

Kommuninvest also raises the targeted level for outstanding volume in each bond from a maximum of SEK 25 billion to a maximum of SEK 30 billion.

Kommuninvest’s funding strategy includes a 50 percent funding target in SEK, with the Swedish Benchmark Programme as the primary funding source.

Kommuninvest’s 2015 funding target, applicable to funding >1 year, is SEK 90-105 billion (USD 12-14 billion based on SEK/USD exchange rate as of 1 January).  As of 31 March, SEK 34 billion had been raised.

About Kommuninvest
Kommuninvest is the Swedish local government debt office. Kommuninvest is owned by 280 Swedish municipalities and county councils with the purpose of supporting their financial operations through secure and cost-efficient financing, skills development and cooperation. With some SEK 225 billion in lending, Kommuninvest is the largest lender to Swedish local governments.

Additional Swedish Benchmark Programme information
http://www.kommuninvest.org/en-gb/investor-relations/funding-programmes/swedish-benchmark-programme.php

For further information
Anders Gånge, Head of Funding & Treasury, tel: +46 (0) 10-470 87 12
e-mail: anders.gange@kommuninvest.se

Björn Bergstrand, Senior IR Manager/Head of Media Relations,
tel: +46 (0)10 470 87 31 alt. +46 (0) 70 886 94 76
e-mail: bjorn.bergstrand@kommuninvest.se

Pelle Ekestubbe, Senior Portfolio Manager, tel: +46 (0) 10-470 88 62
e-mail: pelle.ekestubbe@kommuninvest.se