Press release -
KommuneKredit issues a new 5-year EUR benchmark
On Tuesday 6 March 2018 KommuneKredit issued the second EUR benchmark of 2018.
The bonds have a coupon of 0.25% and matures on 15 May 2023. The price of the bonds is based on mid-swaps minus 13 bps. The books opened at mid-swaps minus 11 bps and the order book developed strongly within a few hours. The final price was set at mid-swaps minus 13 bps.
More than 70 investors participated and orders totaled EUR 2.3bn.
Joint lead managers were: Barclays, Citi, Danske Bank and HSBC.
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KommuneKredit is an association, whose purpose is to provide lending to municipalities and regions and companies with a 100% municipal guarantee.
The association is the municipalities and regions own credit institution and exist solely for our clients.
