LCH, the clearing services operator, has announced it is expanding its range of eligible securities to include bond from certain Supranational and Agency issuers. Kommuninvest is one of eight eligible issuers whose bonds are deemed as acceptable collateral with LCH. The anticipated go-live date on which the new securities will become eligible is 22 October 2018. The changes apply to LCH Limited, the UK-based clearing house of the LCH Group.
See also the LCH announcement.
Kommuninvest is a municipal cooperation for efficient and sustainable funding of welfare investment. Currently, 288 municipalities and county councils/regions are members of the cooperation. With total assets of around SEK 430 billion (USD ~47 billion), Kommuninvest is the largest lender to the local government sector and the sixth largest credit institution in Sweden. The 2018 long-term funding forecast is SEK 130 billion.
For further information
Tobias Landström, Deputy Head of Debt Management, tel: +46 705 86 78 51, e-mail: firstname.lastname@example.org
Björn Bergstrand, Head of Media Relations, tel: +46 708 86 94 76, e-mail: email@example.com