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KommuneKredit starts 2018 with a new 3-year USD benchmark and a Tender and Switch Offer in 3 series

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KommuneKredit starts 2018 with a new 3-year USD benchmark and a Tender and Switch Offer in 3 series

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Jens Lundager

Jens Lundager

Press contact CEO +45 3369 7622

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KommuneKredit starts 2018 with a new 3-year USD benchmark and a Tender and Switch Offer in 3 series

KommuneKredit starts 2018 with a new 3-year USD benchmark and a Tender and Switch Offer in 3 series

KommuneKredit opened the international capital markets by issuing the first benchmark of 2018 – a 1bn 3-year Fixed Rate issue in USD.
From the announcement on 2 January 2018 to the books officially closed on 3 January at 11 am Copenhagen time there was a great demand for the issue. The bond started with an indication on mid swaps + 9 area, but after the order book grew to just below USD 2bn., K