Kommuninvest issues eighth Green Bond

We have issued a new SEK 3 billion Green Bond. Among investors that participated in the transaction were Alecta, Länsförsäkringar and SEB IM. Kommuninvest now has SEK 22.5 billion and USD 500 million outstanding in five green bonds.

Tuesday’s transaction consisted of a tap to the existing KOMINS 0.625% with maturity in June 2023, which after the transaction has an outstanding volume of SEK 6 billion.

We allocate Green Bond proceeds to so-called Green loans for investment projects aimed at reducing environmental impact. On June 30, 2019, our portfolio of Green Loans totaled 284 projects in 124 municipalities and regions. A total of SEK 52.4 billion had been committed, of which SEK 35.5 billion had been disbursed.

We are expecting a continued increase in green lending and to be a frequent issuer of green bonds, in several currencies. Our projected long-term funding needs, over 1-year maturity, amounts to SEK 120-140 billion for 2019.

Green Bonds

 

 

 

Contact information

Christian Ragnartz
Head of Debt Management
tel: +46 10 470 87 06
christian.ragnartz@kommuninvest.se

Björn Bergstrand
Head of Media Relations
tel: +46 70 886 94 76
bjorn.bergstrand@kommuninvest.se