Kommuninvest i Sverige AB, rated AAA/Aaa, today mandated Citi, Deutsche Bank, HSBC and Mizuho Securities to lead manage a forthcoming 3-year USD Reg-S/144a benchmark transaction. The issue will be Kommuninvest’s first USD benchmark since October 2013. The transaction is expected to be launched and priced in the near future subject to market conditions.
Kommuninvest’s funding target for 2014 is USD 11-14 billion, of which USD 2.2 billion had been completed by March 31.
Kommuninvest i Sverige AB is owned by 278 Swedish municipalities and county councils with the purpose of supporting their financial operations through secure and cost-efficient financing, skills development and cooperation. With approx. USD 32 billion in lending, Kommuninvest is the largest lender to Swedish local governments.
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Anders Gånge, Head of Funding & Treasury, tel: +46 10 470 87 12 e-mail: email@example.com
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: firstname.lastname@example.org