Chicago, Sept. 21 – Kommuninvest I Sverige AB priced a €250 million add-on to its 2 7/8% green bonds due 2030 (Aaa/AAA) on Thursday, according to a market source.
The bonds priced at 97.448 to yield 3.307%, or at mid-swaps plus 2 basis points. Pricing came on top of guidance in the mid-swaps plus 2 bps area.
BNP Paribas (billing and delivery) and Goldman Sachs Bank Europe SE were the bookrunners.
Proceeds will be used for investment projects undertaken by Swedish local governments that promote the transition to a low-carbon and climate-resilient society.
The bonds will be listed in Stockholm.
Kommuninvest offers funding to municipalities in Sweden.
| Issuer: | Kommuninvest I Sverige AB
|
| Amount: | €250 million
|
| Issue: | Green bonds add-on
|
| Maturity: | May 23, 2030
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| Bookrunners: | BNP Paribas (billing and delivery) and Goldman Sachs Bank Europe SE
|
| Coupon: | 2 7/8%
|
| Price: | 97.448
|
| Yield: | 3.307%
|
| Spread: | Mid-swaps plus 2 bps
|
| Trade date: | Sept. 21
|
| Settlement date: | Sept. 28
|
| Ratings: | Moody’s: Aaa
|
| S&P: AAA
|
| Distribution: | Regulation S
|
| Price talk: | Mid-swaps plus 2 bps area
|
| ISIN: | XS2696474340
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