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Kommuninvest adds to its Swedish Benchmark Programme
As part of its strategy to build a liquid yield curve in municipal bonds, Kommuninvest will issue a new bond – K1405 – on October 12. The bond will be a copy of the Swedish Government Bond 1041 and will have a maturity of 2.6 years. The coupon will be 2.25 per cent and the bond will mature on 5 May, 2014.
 – With this new issue, we continue to build the Swedish municipal bond yield curve. K1405 will primarily replace our outstanding bond K1210, whose remaining maturity will soon fall below one year, says Senior Portfolio Manager Pelle Ekestubbe at Kommuninvest.

 

Kommuninvest seeks to obtain benchmark status, e.g. an issued volume of SEK 3 billion, for the bond as soon as possible. Investors will be offered to substitute K1210 bonds for the new bonds, and will also have an opportunity to buy the bonds outright as of October 12. 

 

After the issue, Kommuninvest’s Swedish Benchmark Programme will comprise four bonds, maturing in 2012, 2014, 2015 and 2017.

 

– By adding another maturity to the municipal bond yield curve we send a clear signal to our investors. Kommuninvest is delivering on its plan for a firm establishment of municipal bonds in the Swedish market, says Anders Gånge, Head of Finance Department.

 

A total of SEK 39.7 billion in Swedish Benchmark Bonds have been issued since the launch in November, 2010. Dealers are Danske Bank, Handelsbanken, Nordea, SEB and Swedbank.

 

For further information contact:

Pelle Ekestubbe, Senior Portfolio Manager,

tel: +46 10 470 88 62 or pelle.ekestubbe@kommuninvest.se 

 

More information about Kommuninvest's Swedish Benchmark Programme.
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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