KommuneKredit provides financing for the green transition of Danish municipalities and regions by issuing green bonds
The local and regional investments in green transition in Denmark, that are among others financed by means of KommuneKredit’s green bonds, are expected to contribute to an annual CO2 reduction of 665,000 tonnes. This is equivalent to the annual emission of approximately 35,000 Danish citizens. KommuneKredit launched its inaugural green bond in 2017, and by year end 2019 the value of disbursed loan
KommuneKredit issues a new 5-year USD benchmark and completes switch and tender offer
On 3 June 2020 KommuneKredit completed the issue of a new 5-year USD 1bn benchmark and a switch and tender offer for existing investors in two outstanding USD benchmarks.The switch and tender announcement for the two outstanding USD benchmarks was published on 2 June 2020 alongside the mandate for a new 5-year USD benchmark. Books for the new benchmark was officially opened on 3 June 2020. Based o
KommuneKredit launches switch and tender offer in USD
KommuneKredit has today announced a new 5-year fixed rate note issue in USD. Together with the new offering of bonds KommuneKredit will be offering existing investors a buyback option in two bond issues maturing in January 2021 and June 2021 respectively.The terms and conditions for the switch and tender offer is stated in the announcement to the Luxembourg Stock Exchange. Read the announcement he
KommuneKredit announces responsibility report – green transition and sustainability play a central role
Responsibility is an integrated part of KommuneKredit's business model. The association supports local development and growth by funding local investments in construction and infrastructure, including the green transition of the society. This is done on a nonprofit basis and on equal terms regardless of location.The Danish municipalities and regions are in the process of planning and implementing
KommuneKredit announces Annual Report 2019
SUMMARY▪ Lending and leasing increased by DKK 8 billion to DKK 185 billion.▪ Net interest income amounted to DKK 496 million in 2019 against DKK 441 million in 2018, which was in line withexpectations at the half year 2019.▪ Pre-tax profit amounted to DKK 596 million partly due to positive value adjustments of DKK 227 million.▪ Comprehensive income for the year amounted to DKK 441 million against
Moody's confirms KommuneKredit's Aaa-rating
Moody’s Investor Service has published their Update to Credit Opinion confirming KommuneKredit’s Aaa rating and stable outlook.
KommuneKredit Funding Programme 2020
KommuneKredit expects to issue approximately DKK 30bn (EUR 4bn) of long-term funding with maturities above one year in 2020. The funding budget is in line with the funding volumes raised in 2019.It is KommuneKredit’s strategy to strengthen our presence as a green and sustainable bond issuer. We have been issuing green bonds since 2017 and expect ample growth in our green loan portfolio to secure
New member of KommuneKredit’s Board of Directors
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.
KommuneKredit Green Bond Facts
Issue date: 19 November 2019 Maturity date: 21 November 2039 Amount: EUR 500 million Interest: 0.625% p.a.
KommuneKredit issues green bonds
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.
KommuneKredit achieves improved ESG-rating
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.