Buyback Policy

KommuneKredit is a frequent issuer in the international capital markets and is focused on developing and maintaining long-term relationships with its investors.

 

KommuneKredit actively manages the composition of its balance sheet and the maturity profile of issued debt securities in order to manage its liquidity position. To this end, KommuneKredit engages in buy-backs of debt securities including bonds for which no two-way market is readily available or maintained which KommuneKredit considers a service to the investors.

 

In line with these objectives, KommuneKredit will consider, at its sole discretion, after having been contacted by a market participant with an interest to sell, purchasing all or portions of any outstanding debt securities. KommuneKredit will take various factors into account before deciding whether to make a purchase, including, but not limited to, price, maturity date, currency, size and other internal considerations.

 

In recent years buyback operations has also included Switch and Tender Offers on  debt securities with shorter maturities, allowing KommuneKredit to better manage the maturity profile of its overall funding. At the same time investors are offered the opportunity to extend into newly issued bonds with longer maturities.

 

As a firm policy, KommuneKredit does not cancel any purchased debt securities.

 

Buyback of debt securities will be published on KommuneKredit’s website following completion of each buy-back transaction.

Completed Buybacks

Settlement Date
ISIN
Bond Issue
Currency
Nominal Amount
Price

20/11/2020
XS1572146915
Zero Coupon Notes March 2027
MXN
280,000,000
68.80

16/12/2020
XS1585416537
MXN notes due April 2027
MXN
299,000,000
68.98

22/12/2020
XS160257723
MXN Notes due May 2027
MXN
305,000,000
68.77

08/06/2021
XS1572146915
Zero Coupon Notes March 2027
MXN
158,000,000
67.25

29/06/2021
XS1585416537
MXN Notes due 19 April 2027
MXN
225,000,000
64.90

15/07/2021
XS1602577253
MXN Notes due 18 May 2027
MXN
143,000,000
64.40

16/08/2021
XS1651859271
MXN Notes due 17 August 2027
MXN
140,000,000
64.15

 

Last modified: 16 August 2021