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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.

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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.

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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.

KBN joins Nordic agency cooperation

The Nordic local government funding agencies – set up to provide low cost and stable funding for public investments in Denmark, Finland, Norway and Sweden – are amongst Europe’s most creditworthy and important issuers of SSA debt. Collectively, Kommunalbanken (Norway), KommuneKredit (Denmark), Kommuninvest (Sweden) and Municipality Finance (Finland), issue $35-40 billion annually in bonds, notes, and commercial paper.

While issuing separately in the capital markets, the institutions have strong relationships and cooperate closely within certain areas to benchmark the organisations’ practices, enhance knowledge sharing and sourcing, among others.

– Given the similarity between the institutions, it makes a lot of sense to cooperate, says Tomas Werngren, Kommuninvest’s president. It enables us to achieve further economies of scale and knowledge, which is really fundamental to all of us.

A formal cooperation between Kommunekredit, Kommuninvest and Municipality Finance has been in place since 2011. Kommunalbanken (KBN) now joins this group.

– We look forward to joining the Nordic cooperation. Our organisations are set up with the same purposes, we have strong cultural ties and share many of the same values. To be able to exchange information on best practice, to discuss common challenges and opportunities will strengthen our knowledge base for the benefit of our customers and owners, says Kristine Falkgård, President and CEO of Kommunalbanken.

Ms. Falkgård says meeting the Nordic colleagues is a great inspiration.

– We all perform important public tasks in our economies and recognize the importance of having a strong Nordic voice in many contexts. This collaboration will help us deliver on our mandates; to secure cost efficient finance for local government investments in our respective countries.

The agencies’ cooperation typically deals with a handful of prioritized strategic projects at a time. Currently, the focus projects include collateral management, digital services, new regulations (EMIR), credit analysis and valuations.

For further information
Mie Norlev Aoki, Project Manager for the Nordic cooperation, tel: +45 3369 7637, email: mna@kommunekredit.dk

Björn Bergstrand, Head of Media Relations, Kommuninvest i Sverige AB, tel: +46 70 886 94 76, email: bjorn.bergstrand@kommuninvest.se