Kommuninvest’s latest bond issue met solid demand, as the Swedish local government debt office on Tuesday issued a new bond maturing 2020 in its Swedish Benchmark Programme. The bond immediately achieved benchmark status and the issue amounted to approx. SEK 5 billion, in line with the issuer’s objectives.
Including K2002, which matures on 16 February 2020, Kommuninvest has seven bonds outstanding in its Swedish Benchmark Programme, maturing annually from 2016 to 2021.
Kommuninvest’s funding strategy includes a 50 percent funding target in SEK, with the Swedish Benchmark Programme as the primary funding source.
Kommuninvest’s 2016 funding target, applicable to funding >1 year, is SEK 125-140 billion (USD 15-17 billion). To date, SEK 29.1 billion has been raised.
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 more than SEK 250 billion in lending, Kommuninvest is the largest lender to Swedish local governments.
For further information
Anders Gånge, Head of Funding & Treasury, tel: +46 (0) 10-470 87 12
Björn Bergstrand, Senior IR Manager/Head of Media Relations,
tel: +46 (0)10 470 87 31 alt. +46 (0) 70 886 94 76
Pelle Ekestubbe, Senior Portfolio Manager, tel: +46 (0) 10-470 88 62