Commentary & Deal Flow

Reoffer: 5yr: SOFR MS+39bp / 99.581 / 4.969%
Benchmark: 5yr: +13.3bp vs. CT5 T 5% 30-Sep-31 (100-22 ¾ / 4.836% / 101% HR)

5yr: Final books in excess of US$3.7bn (excl. JLM)

Launched: 5yr: US$1bn @ SOFR MS+39bp - Orderbook in excess of US$3bn (excl. JLM interest)
Spread set at: 5yr: SOFR MS+39bp
Guidance: 5yr: SOFR MS+40a - IOIs in excess of US$1.8bn (excl. JLM)
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
• Settle Date: 22-Oct-26 (T+5)
• Maturity Date: 12-Nov-31
• Reoffer: SOFR MS(S/A 30/360)+ 39bps / 99.581 / 4.969%
• Benchmark: +13.3bps vs. CT5 T 5% 30-Sep-31 (100-22 ¾ / 4.836% / 101% HR)
• Coupon: 4.875%, Fixed, Semi Annual, 30/360 ICMA, long first
• Hedge Deadline: 14:25 UKT / 15:25 CET
• 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 (B&D/DM), J.P. Morgan, SEB, TD
• ISIN: XS3546738272 / US50046PDS11
• Timing: Priced. TOE 14.55 UKT / 15.55 CET