Kommuninvest intends to issue a new bond under the Swedish Benchmark Programme, subject to market conditions.
The new bond, K2903, will mature on 2029-03-12. The first possible date of issuance is 28 September.
The bond will be issued in an auction at Bloomberg’s auction platform (AUPD). The ambition is to issue SEK 3 billion.
– This new and slightly longer bond is a good step forward in the development of the Swedish Benchmark Programme. By expanding our offering in this way, we create improved opportunities for long-term investors, says Tobias Landström, Deputy Head of Debt Management at Kommuninvest.
The regular auction in the Swedish Benchmark Programme on 28 September will be canceled.
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.
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
