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Kommuninvest completes largest bond issue to date

Kommuninvest has completed its largest bond issue to date, issuing USD 2.35 billion in a 3-year benchmark issue on April 16. When books closed, Kommuninvest had also completed the largest Nordic Agency USD benchmark transaction ever[1] . “This issue shows that we are committed to build an attractive and liquid benchmark curve in USD,” says Kommuninvest’s Head of Funding Anders Gånge.The issue was Kommuninvest’s second with RegS/144A-documentation, allowing domestic American institutional investors to participate. More than 60 investors placed over USD 3 billion in orders,

Annual Accounts 2011

Summary of the year · Balance sheet total SEK 234.0 (190.2) billion · Lending SEK 168.1 (133.7) billion · Market share 65 (54) percent of members’ borrowing and 44 (35) percent of local government sector’s total lending · Operating profit SEK 396.1 (275.7) million · Persistently high credit rating: Aaa (Moody’s) and AAA (S&P) · Seven new members, total membership now 267   CEO’s statementIn times of financial unease, the importance of stable and cost-efficient financing for the local government sector increases. This was also the case in 2011 – a year in which

Solid demand for 7-year addition to Swedish Benchmark Programme

Yesterday’s issue of a 7-year bond in Kommuninvest’s Swedish Benchmark Programme demonstrated faith in the Swedish Local Government Debt Office. A total of SEK 3.1 billion was issued and the bond, labeled K1708, thus achieved benchmark status already on the day of issue. ”This issue will provide Swedish municipalities with access to long-term funding at really competitive pricing”, says Pelle Holmertz, Treasurer på Kommuninvest. The issue was fully subscribed within an hour and pricing was fixed at 75 basis points above the Swedish Government Bond 1051, which also matures in August,

Kommuninvest issues 7-year bond in Swedish Benchmark Programme

Kommuninvest continues to build volume in its Swedish Benchmark Programme. Due to demand from Kommuninvest’s borrowers, Swedish municipalities and county councils, Kommuninvest has decided to issue a 7-year bond, K1708. The bond will be a copy of the Swedish Government Bond 1051, maturing in August, 2017. The coupon will be 4 per cent. ”An increasing number of municipalities are looking for longer-term funding. We also see solid demand for long-term bonds among investors,” says Kommuninvest Treasurer Pelle Holmertz. Kommuninvest seeks to obtain benchmark status, e.g. an issued volume

KOMMUNINVEST HALF YEAR RESULTS 2010-06-30

THE FIRST SIX MONTHS, SUMMARY• 5 (16) new members • Balance sheet total SEK 190.9 billion • Lending SEK 128.8 billion • Operating profit SEK 195.1 million Comment by Tomas Werngren, President and CEO ”Kommuninvest’s stable development continues. Our position as the Swedish Local Government Debt Office and leading lender to the local government sector has been further strengthened during the first six months. The decision to strengthen the capital base by SEK 1 billion in the form of a subordinated loan was taken by the annual meeting of the Kommuninvest Cooperative Society

The ratings, AAA, on Kommuninvest reflect Standard & Poor's positive view of the company

Standard & Poor’s has issued its annual credit report for Kommuninvest of Sweden. “The ratings on Sweden-based local government funding agency Kommuninvest i Sverige AB reflect Standard & Poor's Ratings Services' positive view of the company's guarantee structure, asset quality, liquidity, matching principles, and market position.”(Source: Standard & Poor`s Global Credit Portal, RatingsDirect, June 30, 2010)  Standard & Poor’s has identified a number of strengths for Kommuninvest: · Obligations covered by a joint and several guarantee that is signed by all members. ·

Swedish Financial Supervisory Authority confirms classification of Kommuninvest’s securities

Kommuninvest i Sverige AB is continuing its efforts to introduce a benchmark programme for the Swedish bond market.  The study being conducted by Kommuninvest alongside the banks with which it has established relations is progressing according to plan. Among other results, a number of questions have been resolved regarding interpretations of legislation and ordinances in investors’ investment regulations. An enquiry was submitted to the Swedish Financial Supervisory Authority by the Money Market Council of the Swedish Securities Dealers Association (SSDA). Following its investigation,

FINANCIAL STATEMENTS 2009

KOMMUNINVEST I SVERIGE AB 2010-02-24The year in summary • 25 new members • Balance sheet total SEK 183.0 (142.7) billion • Lending SEK 123.6 (104.7) billion • Operating profit SEK 193.7 (75.3) million The President’s comments Kommuninvest has enjoyed positive membership growth ever since it was possible for all Swedish municipalities and county councils to become members. During 2009, 25 new members were added, the second highest number on record. At year-end, 248 municipalities and county councils were members of Kommuninvest, which has evolved into the largest lender to the Swedish local

KOMMUNINVEST Interim Report, January 1 – June 30, 2009 Financial Statement

Kommuninvest´s first six months: lending increased by 72 percentKommuninvest, the leading provider of credit to Swedish local and regional governments, today presents its results for the first six months 2009: • 16 municipalities became new members. • Lending rose by 72 percent to SEK 114.7 billion compared with the first six months 2008. The increase was 10 percent compared with full year 2008. • The balance sheet total increased by 48 percent to SEK 156.0 billion compared with the first six months 2008. The increase was 9 percent compared with full year 2008. • Operating profit rose to

Kommuninvest's Financial Statement 2006

Highlights of the year• Kommuninvest attracted 15 new members, now 189 members in total.• Net lending increased by SEK 10.1 billion and lending totalled SEK 66.8 billion at year-end.• Borrowing in 2006 increased by SEK 8.8 billion.• The balance sheet total increased by 11% to SEK 101.2 billion.• Operating profit totalled SEK 29.5 million.• Kommuninvest awarded highest credit rating, AAA, by Standard & Poor’s. In Sweden, only Kommuninvest and the Kingdom of Sweden have the highest possible credit rating from both Standard & Poor’s and Moody’s.”Pleasingly, it is clear that

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