KommuneKredit issues new benchmark in DKK

Today, KommuneKredit issued its second benchmark in DKK. This time a new long 3-year bond, maturing on 19 May 2022 and carrying a 0% coupon. The finale size of the bond offering was DKK 5bn and the bond issues was arranged by joint lead managers Danske Bank and Nordea.


The bonds were offered at a yield of the Danish Government Bonds plus a spread of 20 bps. Books grew fast through orders from a broad range of investors and totaled more than DKK 6bn. The final price was set a spread to the yield of the government bonds of 19 bps.


See the Deal Review here.