Kommuninvest today raised USD 1.25 billion in a new benchmark bond. This was the third USD transaction of the year.
Interest for the new bond, maturing on 2024-07-03, was strong. The order book included more than 75 investors and bids totalling over USD 3.5 billion. The bond was priced at 17 basis points above mid-swaps and 28.5 basis points above corresponding US Treasuries. This means that pricing in the USD market remains at approximately the same level as in the SEK market.
– We continue to meet high demand in our USD transactions, with a presence of many leading global investors. This is positive and important. Under these conditions, we can in our turn offer cost-efficient loans for the welfare investments necessary to secure quality and development in the municipal sector in Sweden, 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
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
