Kommuninvest issued new bond in the SEK programme

Today Kommuninvest has issued a new 7-year bond under the Swedish Benchmark Programme. SEK 3 billion (USD 0.35 billion) was issued and the bid-to-cover ratio of the transaction was 1.7.

The new bond, K2805, matures on 2028-05-12. The transaction was priced at 5.5 basis points above mid-swaps and around 46 basis points above the corresponding Swedish government bond.

Following the transaction, the Swedish Benchmark Programme has nine outstanding bonds with maturities between 2021 and 2028. The outstanding volume is approx. SEK 275 billion (USD 32 billion).

– We continue to meet strong demand for our SEK funding. This is not surprising given the pick-up in yield relative to Swedish government bonds. The programme is a cornerstone in terms of delivering on our mission: cost-effective financing of welfare investments in the Swedish public sector, says Christian Ragnartz, Head of Debt Management at Kommuninvest.


For further information 

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

Lovisa Kanedal, Funding Manager, tel: +46 72 210 58 49, e-mail: lovisa.kanedal@kommuninvest.se 

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