Following the decision in October of adding EUR as a strategic currency, Kommuninvest has now mandated Barclays, BNP Paribas, Danske Bank, J.P. Morgan and Swedbank to enable a series of investor calls, commencing on the [25th February]. The objective is to discuss Kommuninvest’s new strategic EUR funding and Green bond programme (read the announcement here). Additional information on timing, format and maturity for a potential debut EUR Green bond will be communicated in due course by the Joint Lead Managers.
In 2019 Kommuninvest lending increased by SEK 53 billion and we now have a market share of approx. 56 per cent. Given our continued growth and need for liquidity and flexibility, our ambition is to establish another strategic funding market. The size and liquidity of the EUR market makes it a natural choice but we will always compare the total costs in our base currency, SEK. By adding EUR to existing programmes in USD and SEK we believe that we can find the right balance to meet the interest of both investor and our owners, says Christian Ragnartz, Head of Debt Management at Kommuninvest.
As part of Kommuninvest’s sustainability strategy, Kommuninvest preference is to conduct investor calls rather than physical investor meetings in relation to this mandate.
For further information
Head of Debt Management
tel: +46 706 073 834
Deputy Head of Debt Management
tel: +46 70 586 78 51