Kommuninvest continues to build its USD benchmark curve

Kommuninvest i Sverige AB (“Kommuninvest”), rated AAA/Aaa (both stable), today mandated BNPP, Citi, Deutsche Bank and Nordea Markets to lead manage a forthcoming 3-year USD Reg-S/144a benchmark transaction. Issuance will be made under the issuers EMTN programme, and the bond will mature in January 2018.

The issue, the first USD benchmark bond from the issuer in 2015, will expand Kommuninvest’s yield curve in USD to include nine 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 2015 is USD 12-14 billion. Total funding volume in 2014 amounted to USD 10.4 billion.

About Kommuninvest

Kommuninvest is the largest lender to Swedish local governments. Kommuninvest is owned by 280 Swedish municipalities and county councils, via Kommuninvest Cooperative Society. The purpose is to support local government financial operations through secure and cost-efficient financing, skills development and cooperation. Kommuninvest is a zero risk weight entity, with a AAA/Aaa rating (stable) from Standard & Poor’s/Moody’s. Bonds issued by Kommuninvest are eligible as Level 1 assets from a Liquidity Coverage Ratio (LCR) perspective.

For further information

Anders Gånge, Head of Funding & Treasury, tel: +46 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