The content of this section is intended for investors and for informational purposes only. The content is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation. Kommuninvest does not make representation or warranty (express or implied) of any nature or accept any responsibility or liability of any kind for accuracy or sufficiency of any information, statement, assumption or projection in this information, or for any loss or damage (whether direct, indirect, consequential or other) arising out of reliance upon this content. The reader of the information of this section is solely responsible for making its own independent appraisal of the contents herein.


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Information regarding the treatment of personal data by Kommuninvest i Sverige AB

There are provisions contained within The Personal Data Act (“personuppgiftslagen” 1998:204) regarding the way in which personal data should be treated. The purpose of this legislation is to protect individuals from having their privacy violated via the processing of their personal data. The term “personal data” in this context refers to any information that can directly or indirectly be attributed to a living human being.

Kommuninvest i Sverige AB (“Kommuninvest”) is responsible for all personal data that is processed within the entire organisation. Below is a brief description of what personal data is processed, the reason why it is processed, and your individual right of access to any and all data that is held about you. Please feel free to get in touch with us if you need any further information about this by using the contact details below.

Personal data that is being managed

Kommuninvest processes personal data for the administration and execution of contracts that are in force, and also in order to be able to fulfil its legal obligations. Kommuninvest processes personal data that is provided voluntarily in connection with visits to the Kommuninvest website, when entering into contracts, or when data is otherwise recorded in connection with the preparation or administration of a contract (for example, in connection with a lending or borrowing agreement). When matters are dealt with on the telephone, personal data is also processed because such telephone calls are recorded. Kommuninvest may also supplement personal data by obtaining further information from public records.

Personal data may be disclosed in certain situations where Kommuninvest is obliged by law to provide information to an agency, for example the Swedish Financial Supervisory Authority, or the Swedish Data Inspection Board.

Transcript from register and the rectification of errors

Once a year you can, free of charge, request a transcript from Kommuninvest whereby you will receive information on the personal data about you that is being held, where this data came from, why it was obtained, the purpose for which it is being held, and to whom any data may be disclosed. If you would like to be sent such a transcript, please send a written request, signed by you, to the address you will find below. You can notify us at the same address if you no longer wish to receive information from Kommuninvest, or if you would like to request the correction of some erroneous or incomplete personal data.

Kommuninvest launches K2311, a new bond in the Swedish Benchmark Programme

Kommuninvest will shortly, market conditions permitting, issue a new bond under its Swedish Benchmark Programme. The bond, labelled K2311, will mature on 13 November 2023. Kommuninvest targets benchmark status for K2311, equivalent to at least SEK 3 billion outstanding on the first day of trading. Final terms are to be established shortly

Kommuninvest today accounts for approximately 50 percent of the municipal sector’s total loan debt, with a significant proportion of its funding in the Swedish Benchmark Programme. Total outstanding volume amounts to approximately SEK 170 billion in eight bonds. The Swedish programme is expected to continue to grow for a long time and the ambition is to be a natural complement the Swedish government bonds. The growth rate is determined by members’ needs, which, however, are expected to remain moderate in relation to GDP, and whether funding levels in Swedish krona are deemed attractive relative to funding in US dollars.

Pelle Ekestubbe, Senior Portfolio Manager at Kommuninvest and responsible for the Swedish Benchmark Programme, comments:

–  Since the launch in 2010, our Swedish krona benchmark programme has become Kommuninvest’s primary funding programme. We take a long-term view and have a clear focus on the liquidity of our bonds. As of next week, Kommuninvest’s bonds will be included in the broadest bond index, Nasdaq OMRXALL, this is a milestone and an  important interim target.

Kommuninvest’s ambition, like the Swedish National Debt Office, is to be transparent and predictable regarding its funding activities. Furthermore, Kommuninvest actively works to broaden the investor base.

Kommuninvest continues to grow as a consequence of increased market share and increased investments in welfare by municipalities, county councils and regions. Today Kommuninvest funds more than half of the municipal sector’s total debt of over SEK 600 billion.  Kommuninvest expects a total of borrowing SEK 85-100 billion in long-term borrowing during the year.

Kommuninvest’s Swedish benchmark bonds are included in Nasdaq’s bond index OMRXALL from March 12, 2018.


About Kommuninvest

Kommuninvest is the Swedish local government debt office. Kommuninvest is owned by 287 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 300 billion in lending, Kommuninvest is the largest lender to Swedish local governments.


Additional Swedish Benchmark Programme information


For further information

Tobias Landström, Deputy Head of Debt Management, tel: +46 10 470 87 59

mail: tobias.landstrom@kommuninvest.se


Pelle Ekestubbe, Senior Portfolio Manager, tel: +46 10 470 88 62

mail: pelle.ekestubbe@kommuninvest.se


Björn Bergstrand, Head of Media Relations tel: +46 10 470 87 31 alt. +4670-886 94 76

mail: bjorn.bergstrand@kommuninvest.se