Kommuninvest marketing $1 billion no-grow notes due 2024

By William Gullotti and Cristal Cody

Buffalo, N.Y., June 22 – Kommuninvest I Sverige AB is marketing a $1 billion offering of no-grow notes due Jan. 16, 2024, a market source reported on Wednesday.

Citigroup, JPMorgan and TD Bank are working as bookrunners on the Rule 144A and Regulation S transaction.

According to the source, there has been no price talk, but a deal is expected soon.

Kommuninvest offers funding to municipalities in Sweden.

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