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 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
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
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
KommuneKredit’s Board of Directors has elected Susanne Kure as a new independent member of the Board for the next election period commencing June 1, 2022.
KommuneKredit’s Board of Directors consists of 10 members of which 2 are independent and must possess qualifications within accounting, auditing, financial or risk management.
Susanne Kure holds an MSc in Auditing and Accounting and has
On Wednesday 10 November 2021, KommuneKredit launched and priced a new 8-year EUR 750 million issue with a reoffer spread of MS -1 bp, which equated to 44.9 bps over the DBR 0 % August 2029 reference. The transaction priced with a 0 % annual coupon, a reoffer price of 99.872 % and 0.016 % reoffer yield.
The orderbook exceeded EUR 1.7bn with nearly 70 investors involved and the final spread was
In a new report, the Danish independent research and analysis centre VIVE assesses that the Danish model for local government borrowing through KommuneKredit – the credit institution for local and regional authorities in Denmark – performs well in relation to the set considerations and criteria.Danish local governments, i.e. municipalities and regions, undertake many important tasks in the Danish
KommuneKredit announced a mandate for its inaugural GBP 250mn Dec 2024 Green Bond on Wednesday 13th October at 9.45am London time. Books opened at a reoffer spread of UKT +26 bps area. The spread was set in line with initial guidance at UKT+26bps with books reported in excess of GBP 185mn (excl. JLM interest) within 2 hours of books opening. Books closed at 12.30pm London time, and the bond was pr
On Wednesday 29th September, KommuneKredit priced the EUR 500mm increase of 0.01% due 4 May 2034, bringing the new outstanding amount to EUR 1,000,000,000. The reopening of the bond was jointly led by Goldman Sachs International, J.P. Morgan, SEB, TD Securities.
The mandate was announced to the market at 2:20pm CET on Tuesday 28th September. Books opened at 9am CET the following morning with g
On Thursday 9 September 2021, KommuneKredit issued its inaugural SOFR-linked Floating Rate Note; a 4-year USD 700 million bond. The transaction attracted a high quality orderbook with particularly strong support from the bank treasury community.
The mandate for KommuneKredits inaugural 4-year USD 700 million SOFR-linked bond was announced on Wednesday 8 September at 10:45 CET. Books opened the
Summary▪ Pre-tax profit amounted to DKK 299 million.▪ Lending and leasing decreased by DKK 1.3 billion to DKK 191.2 billion from year-end 2020 as an increase in net lending of DKK 3.8 billion was countered by a decrease in value adjustments of DKK 5.1 billion.▪ Net interest income amounted to DKK 180 million against DKK 221 million in the same period last year.▪ Comprehensive income for the period
The credit rating agency, Standard & Poor’s, has announced its annual credit rating of KommuneKredit in which they affirm the company’s AAA rating. The outlook is stable.
In its credit rating, Standard & Poor’s places special emphasis on:
Very high credit quality in the municipal and regional sector, which is expected to continue despite the economic uncertainty in the lig
