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1. September 2017

KommuneKredit launches successful benchmark

 

On Wednesday 30 August 2017 KommuneKredit launched a new 5-year EUR 1 billion benchmark transaction. The transaction was KommuneKredit’s third EUR benchmark in 2017, following a 7-year issue in January and the inaugural green bond in May. The transaction was in high demand, which led to a quick and impressive book building with a final order book in excess of EUR 3.5bn. Steady growth, within one hour of the book opening, caused the guidance to be revised twice with the final pricing set at mid-swaps -11 bps.

With this successful transaction, KommuneKredit adds another point to its EUR curve and expands its investor base even further.

 

Joint Lead Managers on the trade were: Bank of America Merrill Lynch, Danske Bank, LBBW and Société Générale.

 

Read the full press release including investor distribution here.



  KommuneKredit
Kultorvet 16
1175 Copenhagen K
Denmark
 
 
Phone: 
Fax:

 
+45 3311 1512
+45 3391 1521
   

www.kommunekredit.com
e-mail: kk@kommunekredit.dk
  KommuneKredit
Kultorvet 16
1175 Copenhagen K
Denmark
 
 
Phone: 
Fax:

 
+45 3311 1512
+45 3391 1521
   

www.kommunekredit.com
e-mail: kk@kommunekredit.dk