On 22 August 2018 KommuneKredit launched a new benchmark issue – a EUR 500 million 5-year issue.
The issue was successful with strong investor interest and a few hours after launch orders totalled more than EUR 1 billion. The strong demand from investors created room for a price adjustment to the final pricing at mid-swaps minus 12 bps. More than 45 investors participated.
The bond issue is KommuneKredit’s first outing in the market, following the downgrade by S&P in July 2018. The very strong interest from the broad range of high quality investors underlines that KommuneKredit is still considered a safe and stable investment.
Joint Lead Managers were: BNP Paribas, LBBW and Societe Generale
Find more details in the press release here.