KommuneKredit issues its first benchmark in DKK

On 31 October 2018 KommuneKredit launched a DKK benchmark. The bond issue was DKK 3 bn. with 5 year maturity. Nordea Bank and Danske Bank were joint lead managers on the issue.

 

Right from the beginning there was a high interest in bidding for the issue. The initial price was the 5 year Danish Government plus 25 bps. After a short bookbuilding orders came in from different investors exceeding more than DKK 9,8 bn. The strong demand created room for a price adjustments to a final premium at 23 bps to the Danish Government.

 

The strong investor participation and the high quality of the order book underlines KommuneKredit’s presence in the DKK benchmark market.

Case Study – KommuneKredit DKK Nov-23 Benchmark – Nordea

KommuneKredit DKK issue – Danske Bank