Positive news for Kommuninvest’s bonds during the year
In October, Kommuninvest decided to add the EUR market as a new strategic funding market. The announcement had a positive impact on the Company’s funding conditions in the Swedish market. Kommuninvest’s strategic funding markets are denominated in EUR, SEK and USD, both in terms of traditional funding and what is termed as sustainable funding, that is, green bonds.
In November, Kommuninvest issued nearly SEK 10 billion in a new three-year green bond within its benchmark funding programme denominated in USD. The transaction is the largest individual green bond to date from a Nordic SSA player (Sovereigns, Supranationals, Agencies), confirming Kommuninvest’s position as Sweden’s largest issuer of green bonds.
A significant SSA issuer
Kommuninvest issues securities on international funding markets in the category “Sovereigns, Supranationals and Agencies” (SSA). With large annual funding volumes, Kommuninvest is a major international player in the SSA segment. Borrowers with whom Kommuninvest compares itself include:
- Bank Nederlandse Gemeenten (Netherlands)
- European Investment Bank, EIB (Europe)
- KfW (Germany)
- Kommunalbanken (Norway)
- Kommunekredit (Denmark)
- Municipality Finance (Finland)
- Nordic Investment Bank, NIB (Nordic region and Baltic states)