Press release -
KommuneKredit issues its first benchmark in DKK
On 31 October 2018 KommuneKredit launched a DKK benchmark. The bond issue was DKK 3 bn. with 5 year maturity. Nordea Bank and Danske Bank were joint lead managers on the issue.
Right from the beginning there was a high interest in bidding for the issue. The initial price was the 5 year Danish Government plus 25 bps. After a short bookbuilding orders came in from different investors exceeding more than DKK 9,8 bn. The strong demand created room for a price adjustments to a final premium at 23 bps to the Danish Government.
The strong investor participation and the high quality of the order book underlines KommuneKredit’s presence in the DKK benchmark market.
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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.
