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
On Thursday 13th January, KommuneKredit priced a new USD 1 billion (no-grow) Dec-23 benchmark.
KommuneKredit announced the first 2-Year USD benchmark in 2022, a USD 1 billion (no grow) Dec-2023 benchmark at 13.30pm UKT on Wednesday afternoon. Initial-price-thoughts of SOFR MS+14bps area were released alongside the mandate.
The transaction enjoyed a strong reception from the outset, and the o
KommuneKredit’s Board of Directors has elected Susanne Kure as a new independent member of the Board for the next election period commencing June 1, 2022.
KommuneKredit’s Board of Directors consists of 10 members of which 2 are independent and must possess qualifications within accounting, auditing, financial or risk management.
Susanne Kure holds an MSc in Auditing and Accounting and has
In a new report, the Danish independent research and analysis centre VIVE assesses that the Danish model for local government borrowing through KommuneKredit – the credit institution for local and regional authorities in Denmark – performs well in relation to the set considerations and criteria.Danish local governments, i.e. municipalities and regions, undertake many important tasks in the Danish
Summary▪ Pre-tax profit amounted to DKK 299 million.▪ Lending and leasing decreased by DKK 1.3 billion to DKK 191.2 billion from year-end 2020 as an increase in net lending of DKK 3.8 billion was countered by a decrease in value adjustments of DKK 5.1 billion.▪ Net interest income amounted to DKK 180 million against DKK 221 million in the same period last year.▪ Comprehensive income for the period
The credit rating agency, Standard & Poor’s, has announced its annual credit rating of KommuneKredit in which they affirm the company’s AAA rating. The outlook is stable.
In its credit rating, Standard & Poor’s places special emphasis on:
Very high credit quality in the municipal and regional sector, which is expected to continue despite the economic uncertainty in the lig
Summary
▪ Lending and leasing increased by DKK 7 billion to DKK 192 billion.
▪ At DKK 440 million, net interest income was slightly higher than full-year expectations.
▪ Pre-tax profit for the year amounted to DKK 278 million, while comprehensive income for the year was DKK 218 million, against DKK 441 million in 2019. The difference was due to lower value adjustments.
▪ Common Equity
