On 18th June 2024, KommuneKredit tapped the Green May 2029 by EUR 500 million (no-grow). The bond priced at MS+8bps, representing a spread of 50bps over DBR 0.25% due 15th February 2029.
The transaction constitutes KommuneKredit’s fifth benchmark transaction of the year. The tap gave KommuneKredit the first opportunity to increase the circulating amount of a green bond from EUR 500 million to E
On Tuesday 7th of May, KommuneKredit priced a new DKK 5 billion long 3-year transaction at DKK MS-31bps. The transaction marks the beginning in establishing a liquid product in the shorter end of the DKK market and it is KommuneKredit’s intention to be a reoccurring, annual issuer in this format.
On Monday 29th of April KommuneKredit published a mandate announcement for a new long 3-year DKK Be
Today, 13 March, 2024, KommuneKredit has published Annual Report 2023
Summary
Net interest income was DKK 467 million compared with DKK 339 million in 2022.
Profit before value adjustments and tax was DKK 264 million, an increase of DKK 135 million compared with 2022. The increase was attributable mainly to growth in net interest income.
Comprehensive income for the year amounted to DKK 414
Today, we have published our 7th annual Green Bond Impact Report, which contains an account of the allocation of the proceeds from our green bonds (allocation reporting) as well as of the expected impacts of our green loan portfolio (impact reporting).
We are very pleased that our green bond as well as green loan portfolio continues to grow. At the turn of the year 2023/2024, we had in total a
On Monday 26th February 2024, at 13:30 CET, KommuneKredit announced the mandate for a new USD 1bn no-grow 3-year benchmark transaction with initial price thoughts (IPTs) of SOFR MS+35bps.
The following morning, with a backdrop of constructive market sentiment and indications of interest (IOIs) in excess of USD 2.4bn (excluding JLM interest), KommuneKredit officially opened books at 09:10 CET w
On Wednesday 24th January, KommuneKredit priced a new EUR 500 million (no-grow) Nov-38 benchmark.
The orderbook officially opened on Wednesday the 24th of January at 09:30 CET, with an initial spread guidance of MS+47 bps area.
The deal started on strong footing, very quickly covering the 500 million and progressing to 1 billion (excluding JLM interest) by the book update at 12:00 CET where
On Wednesday 25th October 2023, KommuneKredit priced a new USD 750 million November-27 green bond. The transaction constitutes KommuneKredit’s inaugural USD denominated Green Bond issue providing additional diversification to KommuneKredit’s green investor base.
Tuesday 24th November KommuneKredit announced an upcoming USD 4-year Green Bond issuance with initial-price-thoughts of SOFR MS+43bps
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
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 Dan
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
The credit rating agency, Standard & Poor's, has announced its annual credit rating of KommuneKredit in which they confirm KommuneKredit's AAA rating. The outlook is stable.
In particular, Standard & Poor's emphasizes:
Very high credit quality in the municipal and regional sector, which is expected to continue despite the economic uncertainty in the light of COVID-19.
Strong and imp
KommuneKredit’s Green Bond Committee has approved new green loans in the amount of DKK 3.1 billion. Including these recent approvals, which emphasizes the development of the green transition in the Danish municipalities and regions, the committee has approved green loans for a total of DKK 22.4 billion.
Last week, KommuneKredit’s Green Bond Committee approved green loans in the amount of D
Responsibility is an integrated part of KommuneKredit's business model. The association supports local development and growth by funding local investments in construction and infrastructure, including the green transition of the society. This is done on a nonprofit basis and on equal terms regardless of location.
The Danish municipalities and regions are in the process of planning and implement