Commentary & Deal Flow

Reoffer: 2yr: SOFR MS+20bp / 99.872 / 4.205%
Benchmark: CT2 @ 99-24 / 4.133% / B+7.16bp / HR 89%

2yr: Final Books closed in excess of US$1.8bn (exc. JLM)

Launched: 2yr: US$1.5bn @ SOFR MS+20bp - Books closed in excess of US$1.8bn (exc. JLM)
Spread set at: 2yr: SOFR MS+20bp - IOIs in excess of US$720m (exc. JLM)
IPTs: 2yr: SOFR MS+20a

• Issuer: Kommuninvest i Sverige Aktiebolag (publ)
• Ticker: KOMINS
• LEI Code: EV2XZWMLLXF2QRX0CD47
• Guarantor: Regions and municipalities of Sweden
• Ratings: Aaa/AAA (Moody's/S&P) (all stable)
• Risk Weighting: 0%
• Format: Senior, Unsecured, Reg S, 144A
• Deal Size: US$1.5bn
• Coupon: 4.125%, Fixed, Semi Annual, 30/360 ICMA, short first
• Settle Date: 16-Jun-26 (T+5)
• Maturity Date: 15-Mar-28
• Spread: SOFR MS(S/A 30/360)+20bps
• Reoffer: 99.872 / 4.205%
• Benchmark: +7.16bps vs CT2 @ 99-24 / 4.133% / HR 89%
• Denominations: US$200k + US$1k
• Documentation: Issuer's Note Programme
• Listing: NASDAQ OMX Stockholm
• Governing Law: English Law
• Target Market: Professionals and Eligible counterparties (all channels for distribution), each as defined in MIFID II/UK MiFIR
• Advertisement: The Base Prospectus and Final Terms, when published, will be available at: https://kommuninvest.se/eng/homepage/investors/funding/fundingprograms/emtnprogram.4.35de2c7b1900fda7e6256fc.html
• Lead Managers: BofA, JPM, Nomura (B&D/DM), SEB
• Hedge Ratio: 89% vs CT2
• Hedge Deadline: 14:50 UKT / 15:50 CET
• ISIN: XS3408980798 / US50046PDJ12
• Timing: Priced. TOE 15:10 UKT.