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KommuneKredit issues a new 5-year USD benchmark and completes switch and tender offer

KommuneKredit issues a new 5-year USD benchmark and completes switch and tender offer

On 3 June 2020 KommuneKredit completed the issue of a new 5-year USD 1bn benchmark and a switch and tender offer for existing investors in two outstanding USD benchmarks.
The switch and tender announcement for the two outstanding USD benchmarks was published on 2 June 2020 alongside the mandate for a new 5-year USD benchmark. Books for the new benchmark was officially opened on 3 June 2020. Bas

KommuneKredit launches switch and tender offer in USD

KommuneKredit launches switch and tender offer in USD

KommuneKredit has today announced a new 5-year fixed rate note issue in USD. Together with the new offering of bonds KommuneKredit will be offering existing investors a buyback option in two bond issues maturing in January 2021 and June 2021 respectively.
The terms and conditions for the switch and tender offer is stated in the announcement to the Luxembourg Stock Exchange. Read the announcemen

KommuneKredit issues 3-year benchmark with buyback option

KommuneKredit issues 3-year benchmark with buyback option

On 4 June 2018 KommuneKredit announced a new fixed rate USD benchmark maturing on 15 November 2021. In addition, KommuneKredit offered to buy back two existing bonds with maturities on 27 August 2018 and 15 January 2019 respectively. The 4 banks, Toronto Dominion, Deutsche Bank, Scotiabank and Bank of Amerika Merrill Lynch, were mandated as joint lead managers on the new bond deal as well as the b

KommuneKredit issues new GBP benchmark combined with a buyback

KommuneKredit issues new GBP benchmark combined with a buyback

KommuneKredit announced on 16 April 2018 a new fixed rate GBP benchmark with maturity in October 2022 combined with a buyback in KommuneKredit’s GBP bond with maturity in December 2018. The 3 banks NatWest, Nomura and RBC were mandated as joint lead managers, and RBC was appointed billing and delivery bank for the buyback. The bond issue was offered with an price indication of UK Treasuries + 35 b

KommuneKredit starts 2018 with a new 3-year USD benchmark and a Tender and Switch Offer in 3 series

KommuneKredit starts 2018 with a new 3-year USD benchmark and a Tender and Switch Offer in 3 series

KommuneKredit opened the international capital markets by issuing the first benchmark of 2018 – a 1bn 3-year Fixed Rate issue in USD.
From the announcement on 2 January 2018 to the books officially closed on 3 January at 11 am Copenhagen time there was a great demand for the issue. The bond started with an indication on mid swaps + 9 area, but after the order book grew to just below USD 2bn., K

Press Release – Offer of new notes and buyback

Press Release – Offer of new notes and buyback

KommuneKredit has today announced an offer for a new 3-year Fixed Rate Note issue denominated in USD under its EUR 30bn Euro Medium Term Note Programme. The offer is expected to take place on 3 January 2018.
In connection with the offering of the new note KommuneKredit will simultaneously offer to buy back notes in three existing issues denominated in USD.
Read the press release and the publ