The Board of Directors has elected Birgit Aagaard-Svendsen as a new member of the Board of Directors commencing June 2020. Thus, the Board of Directors will consist of 10 members, of which 2 are independent.
Issue date: 19 November 2019 Maturity date: 21 November 2039 Amount: EUR 500 million Interest: 0.625% p.a.
Today KommuneKredit issued green bonds in the amount of EUR 500 million with a term to maturity of 20 years. It is the third time that the credit association issues green bonds. KommuneKredit has approved approx. DKK 20 billion in green loans to sustainable projects in Danish local communities. The bonds are purchased by investors from all over the world.
In September 2019, ISS ESG upgraded KommuneKredit’s ESG rating from D+ to C. This means that KommuneKredit now belongs to the ESG Prime category of companies (best-in-class approach) within its industry at ISS ESG.
KommuneKredit announces Interim Report 2019
On 20 August 2019, KommuneKredit launched a new 11-year EUR benchmark transaction. The mandate for the new issue was announced in the market on Monday 19 August in conjunction with a switch and tender offer in KommuneKredit’s EUR 1.25bn 0.25% bonds maturing in October 2020.
Rating agency Standard & Poor’s has today upgraded KommuneKredit’s long-term credit rating to AAA (outlook stable). Standard & Poor’s has maintained the short-term credit rating at the highest level, A-1+.
KommuneKredit has publishes the second Green Bond Impact Report on 29 May 2019.
Moody’s Investor Service has published their Update to Credit Opinion confirming KommuneKredit’s Aaa rating and stable outlook.
On 12 March 2019, KommuneKredit launched a new USD benchmark transaction. The mandate for the new issue was announced in the market on Monday 11 March in conjunction with a switch and tender offer in two of KommuneKredit’s existing USD bonds maturing in August 2019 and January 2020 respectively.
KommuneKredit has today, 1 March 2019, published its Responsibility Report for 2018.
The Board of Directors of KommuneKredit have today, 1 March 2019, approved the Annual Report for 2018.