Kommuninvest plans inaugural €500 million 7.5-year green bonds

By Rebecca Melvin

Concord, N.H., March 22 – Kommuninvest I Sverige AB has selected banks to arrange pricing of an inaugural green bond transaction, which will be €500 million in size with a 7.5-year term, according to a market source on Tuesday.

Barclays, BNP Paribas, Danske Bank, JPMorgan and Swedbank were mandated to lead the Regulation S deal, which is expected to be listed on the Luxembourg Stock Exchange’s regulated market.

Proceeds are to be used for investment projects undertaken by Swedish local governments that promote the transition to a low-carbon and climate-resilient society under the issuer’s green bond framework dated May 25, 2021.

The company offers funding to municipalities in Sweden.

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