Total issue size was SEK 15bn, split in two equal tranches. The coupon on the 2 year and 5 year notes are 1.75% and 2.75% respectively. There were strong demand for the bonds and the order books closed after just 2,5 hours with orders of more than SEK 22bn.
The bonds were mainly bought by Swedish investors but there were also orders from Denmark, Norway, Finland, Switzerland, Germany, the Netherlands, the UK and out of Asia.
- We postponed the initial transaction from the 28th of October to today as the market has been a bit volatile recently. Today, the market was much more stable and it is great to have launched the programme, says Anders Gånge, CFO at Kommuninvest.
- The Swedish bond market gives us a better balance between funding and lending as all our lending is denominated in SEK and our funding has historically been abroad. The goal is to offer investors a liquid and interesting investment.
Market makers are Danske Bank A/S, Danmark, Sverige Filial, Nordea Bank AB (publ), Skandinaviska Enskilda Banken AB (publ), Svenska Handelsbanken AB (publ), Swedbank AB (publ) - arranger. The Swedish FSA has confirmed that securities issued by Kommuninvest may be treated in the same way as securities issued or guaranteed by the government.
For further information, please contact
Mr. Anders Gånge, Head of Funding and treasury
Mobile: +46 (0)70-616 75 10
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