Our borrowing strategy is based on diversified sources of financing in terms of credit markets, investor categories, credit currency and financial liability instruments. Because Kommuninvest currency hedges all of its financial liabilities in foreign currency, the risk of losses due to exchange rate fluctuations is minimal. Kommuninvest's high level of flexibility allows it to adapt the composition of its financial liabilities to investor needs and to secure cost-effective financing. Consequently, the distribution between instruments, currencies and credit markets can vary considerably from year to year. We strive to increase our funding in SEK. By 2015, our objective is for SEK funding to account for 50% of the total funding. |