New financing model for KommuneKredit
KommuneKredit to obtain all funding via the Danish State, thereby securing the State's lower financing costs.
Today, the Danish government and KommuneKredit have reached a Mutual understanding that the Danish State will, going forward, provide funding to KommuneKredit at the State's own cost of financing. The aim is to secure even lower financing costs for Danish municipalities, regions and affiliated companies.
The new financing model entails that, as of today, KommuneKredit will cease issuing bonds in the capital markets. Going forward, Danmarks Nationalbank, on behalf of the Danish State, must provide the needed funding to KommuneKredit.
The understanding between the Danish State and KommuneKredit entails no changes to the terms of or the security backing existing bonds issued by KommuneKredit. KommuneKredit's guarantee structure is described in more detail here.
Read the understanding between the Danish state and KommuneKredit
Conference call
In connection with this announcement, Jens Lundager, CEO of KommuneKredit, and Henrik Andersen, managing director of KommuneKredit, will host a conference call (in English) for investors and business partners Tuesday 1 April 2025 at 16.00 CET+1.
Register here if you want to join the conference call
Contact us
Chief executive officer Jens Lundager
Phone +45 33 69 76 22
jlu@kommunekredit.dk