KommuneKredit

SECTOR Agency
RATINGS  AAA/Aaa
RATING OUTLOOK Both stable
FUNDING VOLUME 2019/20  €4BN/€4-5BN
RISK WEIGHT, LCR LEVEL, SOLVENCY II  0%, Level 1, 0% 
REPO ELIGIBILITY 

BoE, US Fed, RBA, Danmarks Nationalbank (Central Bank of Denmark)

About KommuneKredit

KommuneKredit’s mission is to provide the funding and related services required by local governments and thereby contribute to greater financial latitude in Danish society. Its members are municipalities and regions that have raised loans or entered into leases with KommuneKredit or have guaranteed or are liable for loans raised or leases entered into with KommuneKredit. All municipalities and regions in Denmark are members of KommuneKredit. Members are jointly and severally liable for all KommuneKredit’s liabilities.

KommuneKredit’s high credit rating is primarily attributable to the joint-and-several liability of the municipalities and regions, and the fact that it is a strong player in the Danish economy. KommuneKredit does not need to make a profit above what is necessary to maintain an adequate capital base. The agency’s level of expenses is low, which means funding raised can be on-lent at a modest margin.

KommuneKredit has strong capitalisation, with an equity-to-asset ratio of 3.5% as of year-end 2019. The Danish regulator, Finanstilsynet, has confirmed KommuneKredit bonds’ level-one status for liquidity-coverage-ratio purposes.

Sustainable funding strategy

KommuneKredit is the leading provider of green financing for the local governments in Denmark. It is committed to support the local government’s investment needs for the ambitious transition of the Danish society for a better and more sustainable future.

KommuneKredit is a well-established issuer of green bonds in the capital markets and its ambition is to offer regular issuance in the market. Since the inaugural issue in 2017, KommuneKredit has issued four series of green bonds under the bank’s Green Bond Framework for a total of €2.25 billion.

FOR FURTHER INFORMATION PLEASE CONTACT:

Eske Hansen
Chief Funding and Investor Relations Manager
+45 33697607
This email address is being protected from spambots. You need JavaScript enabled to view it. 
www.kommunekredit.dk 

SUSTAINABILITY OBJECTIVE OF GSS BOND PROGRAMME
Support the Danish local governments’ investments in the transition to a low-carbon economy.

GSS BOND PROGRAMME KommuneKredit Green Bonds
REFERENCE TAXONOMY FOR THE USE OF PROCEEDS Green Bond Principles and own project categories (district heating, water, energy efficiency and clean public transportation)
FRAMEWORK WITH WHICH THE GSS BOND PROGRAMME IS ALIGNED Green Bond Principles 
EXTERNAL REVIEW PROVIDER  CICERO

PUBLIC ISSUER ESG RATINGS/SCORES

INSTITUTION RATING/SCORE
ISS-oekom C