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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 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 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
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,
Summary▪ 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.▪ Net
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
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. O
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
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