Press release -
KommuneKredit issues new benchmark in DKK
Today, KommuneKredit issued its second benchmark in DKK. This time a new long 3-year bond, maturing on 19 May 2022 and carrying a 0% coupon. The finale size of the bond offering was DKK 5bn and the bond issues was arranged by joint lead managers Danske Bank and Nordea.
The bonds were offered at a yield of the Danish Government Bonds plus a spread of 20 bps. Books grew fast through orders from a broad range of investors and totaled more than DKK 6bn. The final price was set a spread to the yield of the government bonds of 19 bps.
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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.
