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Solid demand for 7-year addition to Swedish Benchmark Programme
Yesterday's issue of a 7-year bond in Kommuninvest's Swedish Benchmark Programme demonstrated faith in the Swedish Local Government Debt Office. A total of SEK 3.1 billion was issued and the bond, labeled K1708, thus achieved benchmark status already on the day of issue.

"This issue will provide Swedish municipalities with access to long-term funding at really competitive pricing", says Pelle Holmertz, Treasurer på Kommuninvest.

The issue was fully subscribed within an hour and pricing was fixed at 75 basis points above the Swedish Government Bond 1051, which also matures in August, 2017

Including yesterday's bond issue, Kommuninvest has issued SEK 14 bn in its Swedish Benchmark Programme during the first quarter, more than projected for the period. Given an unchanged forecast for total issuance in 2011, slightly lower bond issuance can be expected in the Swedish Benchmark Programme for the remainder of the year.

For further information:


Pelle Holmertz, Treasurer and deputy Head of Funding & Treasury
Tel: +46 19 16 78 31
Mobile: +46 70 682 27 66
E-mail: pelle.holmertz@kommuninvest.se

 

Carl-Henrik Arosenius, Head of Funding
Mobile: +46 70 600 17 52

 

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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 

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