KommuneKredit opens the funding year with new short 15-year 500 million EUR benchmark
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
KommuneKredit launches inaugural USD green bond
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 announces Interim Report for 1st Half 2023
KommuneKredit has today 7 September 2023 announced the Interim Report for the 1st half of 2023.
• 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
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