Kommuninvest i Sverige AB, rated AAA/Aaa, today mandated Bank of America Merrill Lynch, JP Morgan, Nomura and SEB to lead manage a forthcoming 5-year USD Reg-S/144a benchmark transaction. Issuance will be made under the issuers EMTN programme, and the bond will mature in November 2019.
The issue, the second USD benchmark bond from the issuer in 2014, will extend the Kommuninvest’s yield curve to include eight bonds maturing from April 2015 to November 2019. 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 6.7 billion had been completed by 15 September.
Kommuninvest i Sverige AB, the Swedish local government debt office, is owned by 280 Swedish municipalities and county councils. The purpose is to support local government financial operations through secure and cost-efficient financing, skills development and cooperation. With over USD 30 billion in lending, Kommuninvest is the largest lender to Swedish local governments.
For further information
Anders Gånge, Head of Funding & Treasury, tel: +46 10 470 87 12, e-mail: firstname.lastname@example.org
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