The funding forecast is revised down  

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 2020This 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-Aprilwhen ledning was high, lending growth has gradually slowedDuring 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  

Christian Ragnartz
Head of Debt Management
tel: +46 706 07 38 34
e-mail: christian.ragnartz@kommuninvest.se
 

David Ljung
Head of Communications
tel: +46 73 068 45 45
e-mail: david.ljung@kommuninvest.se