Kommuninvest issues SEK 3 billion in new bond
15 February 2023Kommuninvest today issued SEK 3 billion (USD 0.3 billion) in a new bond under the Swedish Benchmark Programme.
The new bond is labeled K2911 and matures on 2029-11-12. It will be added to the calendar for the weekly auctions of the programme.
The transaction, which had a bid-to-cover ratio of 3.43, was priced 51.25 basis points above mid-swaps and approximately 105 basis points above the corresponding Swedish government bond.
– It was positive to see such a strong investor interest in this new bond. To have the long-term investors onboard is important both for the development of the programme and for our ability to secure cost-effective financing of the investments of the municipal sector in Sweden, says Tobias Landström, Deputy Head of Debt Management at Kommuninvest.
For further information
Christian Ragnartz, Head of Debt Management, tel: +46 706 07 38 34, e-mail: christian.ragnartz@kommuninvest.se
Tobias Landström, Deputy Head of Debt Management, tel: +46 705 86 78 51, e-mail: tobias.landstrom@kommuninvest.se
David Ljung, Head of Communications, tel: +46 73 068 45 45, e-mail: david.ljung@kommuninvest.se