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We are responsible for the financing of the Swedish local government sector
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Kommuninvest is responsible for the coordinated procurement of financing by Swedish municipalities and county councils. We are owned by more than 260 municipalities and county councils with the purpose of supporting their financial operations through secure and cost-efficient financing, financial advice, skills development and coordination.

 

We provide credit solely to those municipalities and county councils who are members of the Kommuninvest Cooperative Society. With a municipal guarantee, companies in which members are majority shareholders can also obtain credit from us. All members have signed an unlimited joint and several guarantee for the credit company's undertakings.

 

We finance our operations by borrowing on the Swedish and international capital markets. Our borrowing has the lowest possible risk weighting (BIS 0 percent).

 

For investors seeking exposure to the Swedish local government sector, Kommuninvest‘s various borrowing programmes provide suitable instruments for diversified exposure.

Largest provider of credit to the local government sector

As of December 2010, Kommuninvest‘s lending totalled SEK 133.7 billion. That makes us the largest player by far in the local government credit market in Sweden. Lending volumes have risen steadily as an increasing number of local authorities have become members, but also as an effect of Kommuninvest's increasing competitiveness.

Sweden's local government debt office

Our assignment is to act as Sweden's local government debt office. This entails acting as a guarantor for financial stability in the local government sector, offering all Swedish municipalities and county councils efficient financial management, focusing on financing.

Kommuninvest's capacity to act as Sweden's local government debt office builds on a number of core pillars:

  • Kommuninvest has the highest credit rating from two rating institutes (AAA/Aaa).
  • Kommuninvest represents a large majority of Sweden's municipalities and county councils (some 90 percent of the municipalities are members of Kommuninvest)
  • Kommuninvest is one of the Riksbank's (the Swedish central bank) monetary policy counterparties and a member of RIX, the Riksbank's payment system for financial transactions.

During the financial crisis, Kommuninvest maintained the stability of the local government sector as one of the few players able to offer financing to municipalities and county councils.

Page last updated 2012.02.03
Kommuninvest i Sverige AB (publ)

Postal address: P.O. Box 124, SE-701 42 Örebro, Sweden • Central phone no.: +46 10 47 08 700 • Fax: +46 19 121 198 

E-mail: firstname.lastname@kommuninvest.se

Reg. No: 556281-4409 • Street address: Fenixhuset, Drottninggatan 2, Örebro, Sweden • Deliveries: Ågatan 1, Örebro, Sweden