Commentary & Deal Flow

IPTs: 5yr: SOFR MS+42a

• 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$1bn WNG
• Maturity Date: 12-Nov-31
• IPTs: SOFR MS(S/A 30/360)+ 42bps area (currently equivalent to CT5+15.4bps)
• Coupon: Fixed, Semi Annual, 30/360 ICMA, long first
• 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: BNP Paribas, J.P. Morgan, SEB, TD
• Timing: Taking IOI’s / Expect tomorrow’s business
• Settle: 22-Oct-26 (T+5)