Kommuninvest today raised USD 1 billion in a new bond, maturing on 2024-05-08, under the USD Benchmark Programme.
Investor interest was strong. The order book included over 38 investors, with bids totalling more than USD 1.5 billion. The bond was priced at 15 basis points above mid-swaps and 20.3 basis points above corresponding US Treasuries. SOFR, instead of Libor, was for the first time used as reference rate.
This was the first benchmark transaction in 2022. For Kommuninvest, the pricing in the USD market remains at approximately the same levels as in the SEK market.
– With an active presence of leading global investors, we today got off to a positive start of the year in the USD market. In our work to secure cost-efficient loans for investments in the municipal sector in Sweden, this strategic market continues to be an attractive source of financing, says Christian Ragnartz, Head of Debt Management at Kommuninvest.
Transaction details: Press Points
For further information
Christian Ragnartz
Head of Debt Management
Tel: +46 706 07 38 34
E-mail: christian.ragnartz@kommuninvest.se
Marcus Waineby
Senior Funding Manager
Tel: +46 10 470 88 63
E-mail: marcus.waineby@kommuninvest.se
David Ljung
Head of Communications
Tel: +46 73 068 45 45
E-mail: david.ljung@kommuninvest.se
