KommuneKredit launches new 5-year USD 1 billion benchmark
On Wednesday 17th May, KommuneKredit priced a new USD 1 billion May-28 benchmark.
Tuesday morning 16th May KommuneKredit announced an upcoming USD-benchmark with initial-price-thoughts of SOFR MS+47bps area.
The transaction enjoyed a very strong reception and had, by the time books opened just after 09.00 CET on Wednesday morning, gathered indications of interest in excess of USD 1.9 billio
KommuneKredit launches new 7-year CHF 225 million benchmark
On Thursday 11th May, KommuneKredit priced a new CHF 225 million June-30 benchmark.
Thursday morning 11thMay KommuneKredit engaged BNP Paribas and Deutsche with the intent to issue minimum 100 million CHF. The orderbook officially opened at 09:55 CET with a guidance of SARON MS-16 area.
After strong investor interest the size was increased to 200 million at 10:50 and at 11:25 CET the final
KommuneKredit launches new 20-year EUR 500 million benchmark
On Wednesday 19th April, KommuneKredit priced a new EUR 500 million (no-grow) Apr-43 benchmark.
The orderbook officially opened on Wednesday the 19th of April at 09:00 CET, with an initial spread guidance of MS+52 bps area.
The deal started on a strong footing, with the orderbook reaching more than EUR 1.5 billion (excluding JLM interest) at 10:50 CET, at which point the spread was set 3bps
Value adjustments lead to higher profit for 2022
In what was a volatile year for the international financial markets in 2022, KommuneKredit delivered strong profit thanks to value adjustments. KommuneKredit provided loans and lease agreements for DKK 28 billion to support, for example, the green transition in local Danish communities.
In 2022, KommuneKredit disbursed more than 700 new loans and entered into almost 3,000 new lease agreements,
KommuneKredit launches new 12-year EUR 500 million benchmark
On Thursday 12th January, KommuneKredit priced a new EUR 500 million (no-grow) Jan-35 benchmark.
The orderbook officially opened on Thursday the 12st of January at 09:00 CET, with an initial spread guidance of MS+21 bps area.
Despite the non-benchmark maturity, the book was almost full at first book update, and the re-offer spread was fixed at MS+21bp. At noon CET the book closed with a good
KommuneKredit announces Interim Report 2022
▪ Profit before tax and value adjustments amounted to DKK 65 million, while comprehensive income for the 1st half of 2022 was DKK 468 million against DKK 233 million in the 1st half of 2021. The change is mainly due to value adjustments of DKK 535 million against DKK 190 million in the 1st half of 2021.
▪ At DKK 187 million, net interest income was in line with expectations.
KommuneKredit launches new 10-year EUR 1 billion benchmark
On Tuesday 30th August, KommuneKredit priced a new EUR 1 billion (no-grow) Sept-32 benchmark.
The orderbook officially opened on Tuesday the 30th of August at 09:10 CET, with an initial spread guidance in the MS+6bps area.
The transaction enjoyed a strong reception from the outset, and on the back of a smooth book building process with orders in excess of EUR 2 bn final terms were announced
KommuneKredit’s first green transaction under the updated Green Bond Framework 2022
On Monday 30th May 2022 at 13:01 CET, KommuneKredit mandated four banks to arrange a Global Investor Call to present its recently updated Green Bond Framework, announcing that a EUR 500m (no grow) short 7-year green benchmark would follow, subject to market conditions.
The orderbook officially opened on Tuesday the 31st of May at 08:52 CET, with an initial spread guidance of MS-3bps area.
New Board of Directors for KommuneKredit
Mayor of Ringsted Municipality, Henrik Hvidesten, takes over the chairmanship of KommuneKredit’s Board of Directors after former mayor of Herning, Lars Krarup. Together with the Board of Directors, he will help futureproof KommuneKredit’s financing of public investments in Danish local communities - including the green transition.
Today, KommuneKredit’s Board of Directors has held its inaugural
KommuneKredit reports satisfactory 2021 result with strengthened sustainability focus
KommuneKredit looks back on a satisfactory 2021 where e.g. extraordinary financing to the regions and loans to the district heating sector resulted in an increase in total lending by DKK 8.7 billion. At the same time, the company has strengthened its sustainability efforts to further support the sustainable transition in the Danish local communities.
A loan to the Museums of Varde that establis
KommuneKredit launches updated Green Bond Framework
Today, KommuneKredit launches an updated and strengthened Green Bond Framework. With this Green Bond Framework, KommuneKredit aims to set an even higher standard for its green financing as well as its support of the local green transition in Denmark.
KommuneKredit has high ambitions when it comes to supporting the local green transition of its members through sustainable finance offerings. Sin
KommuneKredit’s first transaction of 2022 is a 2-year USD 1 bn benchmark
On Thursday 13th January, KommuneKredit priced a new USD 1 billion (no-grow) Dec-23 benchmark.
KommuneKredit announced the first 2-Year USD benchmark in 2022, a USD 1 billion (no grow) Dec-2023 benchmark at 13.30pm UKT on Wednesday afternoon. Initial-price-thoughts of SOFR MS+14bps area were released alongside the mandate.
The transaction enjoyed a strong reception from the outset, and the o