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20211110_KommuneKredit EUR 750 million Benchmark_November 2029.pdf

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20211110_KommuneKredit EUR 750 million Benchmark_November 2029.pdf

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Jens Lundager

Jens Lundager

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KommuneKredit launches new 8-year EUR 750 million benchmark

KommuneKredit launches new 8-year EUR 750 million benchmark

On Wednesday 10 November 2021, KommuneKredit launched and priced a new 8-year EUR 750 million issue with a reoffer spread of MS -1 bp, which equated to 44.9 bps over the DBR 0 % August 2029 reference. The transaction priced with a 0 % annual coupon, a reoffer price of 99.872 % and 0.016 % reoffer yield.

The orderbook exceeded EUR 1.7bn with nearly 70 investors involved and the final spread