Kommuninvest hits spot on 144A debut
Swedish municipal funding agency Kommuninvest arrived at its destination of a debut 144A/Reg S deal in some style on Wednesday after a journey of a year and a half. The move is a critical part of the borrower’s aspiration to become a frequent SSA issuer as it grapples with an increased funding task in years to come.
"We started an internal pre-study into the benefits, costs, legal ramifications and risks of 144A documentation about 18 months ago so this deal is the result of a long process but it was worth it," said Anders Gånge, the borrowers head of funding and treasury.
It built a $2.4bn
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