Kommuninvest, rated AAA/Aaa, issued its fifth USD benchmark transaction for the year on Wednesday, when the Swedish local government debt office printed USD 1.25 billion in long 3-year Reg-S/144a notes. The order book exceeded USD 1.6bn with over 40 participating accounts, with central banks, official institutions and bank treasuries as dominant investor categories.
Tobias Landström, Deputy Head of Debt Management at Kommuninvest, commented:
– In spite of the challenging market back-drop, we were able to complete an oversubscribed, upsized transaction with strong demand from our core investor base of high quality accounts. This is a satisfying way to wrap up this year’s funding activities.
Following the transaction, Kommuninvest has completed SEK 131 billion out of a 2018 funding forecast for long-term borrowing, over 1 year, of SEK 130 bn (USD 14.4 bn).
For further information, see separate Press Points.
Contact information
Tobias Landström, Deputy Head of Debt Management, tel: +46 705 86 78 51,
e-mail: tobias.landstrom@kommuninvest.se
Marcus Waineby, Senior Funding Manager, tel: +46 706 96 77 69, e-mail:
marcus.waineby@kommuninvest.se
Björn Bergstrand, Head of Media Relations, +46 708 86 94 76,
e-mail: bjorn.bergstrand@kommuninvest.se
