Kommuninvest will shortly, market conditions permitting, issue a new bond under its Swedish Benchmark Programme. The bond, labelled K2602, will mature on 4 February 2026. Kommuninvest targets benchmark status for K2602, equivalent to SEK 3 billion outstanding on the first day of trading. Final terms are to be established shortly.
Kommuninvest finances more than 50 percent of the total external borrowings of Swedish local governments, with a substantial part of its own funding undertaken in its Swedish Benchmark Programme. The current outstanding volume in the Programme is SEK 231 billion in nine bonds.
– We continue to build the Swedish benchmark bond programme, a now well-established part of the Swedish fixed income market. The focus remains on transparency, predictability and, as far as possible, flexibility towards investors, says Christian Ragnartz, Head of Debt management.
Kommuninvests Swedish Benchmark Programme is the joint capital markets funding programme for municipalities and regions. Kommuninvest focus on a few markets in order to achive as efficient funding as possible for municipal and regional investments.
Kommuninvest’s current long-term funding forecast for 2020 is SEK 140-160 billion.