Chicago, March 4 – Kommuninvest I Sverige AB (Aaa/AAA) has sold $1 billion of 0.375% green notes due June 19, 2024 at 99.666 to yield 0.478%, according to a stabilization announcement and a press release.
With this transaction, Kommuninvest has issued $6 billion of green bonds.
The order book included 62 international investors with the order books reaching $2.5 billion.
The notes priced at 1 basis point above mid-swaps, or at Treasuries plus 19.25 bps.
Final talk was in the mid-swaps plus 2 bps area. Initial price talk was in the mid-swaps plus 4 bps area.
Credit Agricole CIB, J.P. Morgan Securities LLC, Nomura Securities International Inc. and SEB are the bookrunners for the Rule 144A and Regulation S deal.
Proceeds will be used to finance eligible green projects.
Kommuninvest is an Orebro, Sweden-based company that offers funding to municipalities of Sweden.
| Issuer: | Kommuninvest I Sverige AB
|
| Issue: | Green notes
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| Amount: | $1 billion
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| Maturity: | June 19, 2024
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| Bookrunners: | Credit Agricole CIB, J.P. Morgan Securities LLC, Nomura Securities International Inc. and SEB
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| Coupon: | 0.375%
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| Price: | 99.666
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| Yield: | 0.478%
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| Spread: | Mid-swaps plus 1 bp, or Treasuries plus 19.25 bps
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| Pricing date: | March 3
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| Issuer ratings: | Moody’s: Aaa
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| S&P: AAA
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| Distribution: | Rule 144A and Regulation S
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| Price talk: | Initial talk at mid-swaps plus 4 bps; tightened to mid-swaps plus 2 bps area
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