Press release -
KommuneKredit issues a new 7-year EUR benchmark
On Tuesday 16th January 2018, KommuneKredit issued its first Euro benchmark bond of 2018. The issue carries an annual coupon of 0.50% and has a maturity date of 24 January 2025. The bond was priced at a spread of mid-swaps minus 10bps. The initial price guidance was set at mid-swaps minus 8 bps and was quickly revised to mid-swaps minus 9 bps 30 minutes after. The momentum continued unabated, with books rapidly in excess of EUR 2.5bn, allowing KommuneKredit to set the reoffer spread at mid-swaps minus 10bps. Orders continued to grow, resulting in a final order book in excess of EUR 3bn, with over 80 investors participating.
Joint leads arrangers were Credit Agricole, Natixis, Nomura and Nordea.
For more information see the press release.
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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.
