In the near future, Kommuninvest plans to, subject to market conditions, issue a new 6-year bond under the Swedish Benchmark Programme.
The bond (K2706) will mature on 2027-06-15. The first possible date of issuance is 29 September.
The bond will be issued in an auction that will be processed through Bloomberg’s auction platform (AUPD). The ambition is to issue SEK 3 billion.
On the date of issuance, the auction will start at 09.00 CET. Bids are to be placed as spread vs matched maturity swap expressed in basis points. Bids are to be placed through market makers in the benchmark programme. The auction closes at 10.00 CET. The plan is to announce the results within 15 minutes of closure. Market makers will find the summary of the auction in Bloomberg.
Kommuninvest is under no obligation to issue the entire indicated volume and reserves the right to reject bids that are deemed to be unnecessarily expensive. There are no absolute rules for rejection. In a volatile and uncertain market, greater deviations from indicative market prices may be accepted.
– This new issue is yet another natural step in the development of the Swedish Benchmark Programme. With a new and slightly longer bond, we create a broader offering for long-term investors, says Tobias Landström, Deputy Head of Debt Management at Kommuninvest.
The upcoming new issue means that the regular auction in the Swedish Benchmark Programme planned for 29 September is canceled.
For further information
Christian Ragnartz
Head of Debt Management
Tel: +46 706 07 38 34
E-mail: christian.ragnartz@kommuninvest.se
Tobias Landström
Deputy Head of Debt Management
Tel: +46 705 86 78 51
E-mail: tobias.landstrom@kommuninvest.se
David Ljung
Head of Communications
Tel: +46 73 068 45 45
E-mail: david.ljung@kommuninvest.se
