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Mayor Martin Damm has joined KommuneKredit’s Board of Directors, as the current Chairman of the Board of Directors Henrik Hvidesten has decided to resign.At the same time, the Board of Directors has elected Martin Damm as Chairman and Mayor Thomas Lykke Pedersen as Vice Chairman.In connection with his election as Chairman, Martin Damm says:"KommuneKredit’s financing plays an important
Today, 13 March, 2024, KommuneKredit has published Annual Report 2023Summary Net interest income was DKK 467 million compared with DKK 339 million in 2022. Profit before value adjustments and tax was DKK 264 million, an increase of DKK 135 million compared with 2022. The increase was attributable mainly to growth in net interest income. Comprehensive income for the year amounted to DKK 414
Today, we have published our 7th annual Green Bond Impact Report, which contains an account of the allocation of the proceeds from our green bonds (allocation reporting) as well as of the expected impacts of our green loan portfolio (impact reporting). We are very pleased that our green bond as well as green loan portfolio continues to grow. At the turn of the year 2023/2024, we had in total a
On Monday 26th February 2024, at 13:30 CET, KommuneKredit announced the mandate for a new USD 1bn no-grow 3-year benchmark transaction with initial price thoughts (IPTs) of SOFR MS+35bps. The following morning, with a backdrop of constructive market sentiment and indications of interest (IOIs) in excess of USD 2.4bn (excluding JLM interest), KommuneKredit officially opened books at 09:10 CET w
On Wednesday 24th January, KommuneKredit priced a new EUR 500 million (no-grow) Nov-38 benchmark.The orderbook officially opened on Wednesday the 24th of January at 09:30 CET, with an initial spread guidance of MS+47 bps area.The deal started on strong footing, very quickly covering the 500 million and progressing to 1 billion (excluding JLM interest) by the book update at 12:00 CET where
On Wednesday 25th October 2023, KommuneKredit priced a new USD 750 million November-27 green bond. The transaction constitutes KommuneKredit’s inaugural USD denominated Green Bond issue providing additional diversification to KommuneKredit’s green investor base.Tuesday 24th November KommuneKredit announced an upcoming USD 4-year Green Bond issuance with initial-price-thoughts of SOFR MS+43bps
KommuneKredit has today 7 September 2023 announced the Interim Report for the 1st half of 2023.Summary• Profit for the period amounted to DKK 87 million before tax and value adjustments, while comprehensive income was DKK 187 million against DKK 468 million in the 1st half of 2022.• Net interest income amounted to DKK 191 million, which is an increase of DKK 4 million relative to the y
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
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
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
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,
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
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