Kommuninvest has revised down its funding forecast. The need for long-term funding (maturities longer than one year), is expected to be SEK 130 billion for 2020. This is a reduction compared to the previous forecast, which was SEK 150-160 billion.
The new forecast is built on expected turnover of maturing loans, new lending, customer demand regarding different maturities as well as the size and financing of the liquidity reserve at the end of the year.
So far in 2020, Kommuninvest has borrowed around SEK 98 billion.
The main reason why the forecast has been revised down is that lending growth has been lower then expected.
– After the period of market turbulence in March-April, when ledning was high, lending growth has gradually slowed. During summer and early autumn, the funding needs of municipalities and regions have, among other things, been affected by government support and higher projections for tax revenues, says Christian Ragnartz, Head of Debt Management at Kommuninvest.
For further information
Head of Debt Management
tel: +46 706 07 38 34
Head of Communications
tel: +46 73 068 45 45