Kommuninvest i Sverige AB, rated AAA/Aaa, issued its second USD benchmark transaction for the year on Tuesday. The Swedish local government debt office printed USD 1.25 billion in 3-year Reg-S/144a notes. The order book exceeded USD1.5bn from just over 40 accounts, primarily central banks & official institutions as well as bank treasuries.
Anders Gånge, Head of Funding and Treasury at Kommuninvest, commented:
– We are very pleased with the solid execution of this transaction. Demand came from a variety of high quality accounts from around the globe, highlighting Kommuninvest’s strong support from core SSA buyers.
Kommuninvest is a municipal cooperation for efficient and sustainable financing of housing, infrastructure, schools, hospitals etc. Together, we get better loan terms than each one individually. Since its inception in 1986, the Kommuninvest collaboration has helped lower the local government sector’s borrowing costs by many billion kronor. Currently, 274 municipalities and 10 county councils/regions are members of this voluntary cooperation. With total assets of around SEK 370 billion (USD ~43 billion), Kommuninvest is the largest lender to the local government sector and the sixth largest credit institution in Sweden. The head office is located in Örebro.
For further information, see Press Points: Kommuninvest 3yr USD press points.
Anders Gånge, Head of Funding & Treasury, tel: +46 10 470 87 12, e-mail: firstname.lastname@example.org
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: email@example.com