KommuneKredit issues a new 5-year EUR benchmark

On Tuesday 6 March 2018 KommuneKredit issued the second EUR benchmark of 2018.

 

The bonds have a coupon of 0.25% and matures on 15 May 2023. The price of the bonds is based on mid-swaps minus 13 bps. The books opened at mid-swaps minus 11 bps and the order book developed strongly within a few hours. The final price was set at mid-swaps minus 13 bps.

 

More than 70 investors participated and orders totaled EUR 2.3bn.

 

Joint lead managers were: Barclays, Citi, Danske Bank and HSBC.

 

See the English press release here.