Obligation Kommuninvest Sverige 0.375% ( XS1968465572 ) en SEK

Kommuninvest Sverige

100 % ▲

Suede

XS1968465572 ( en SEK )

0.375% par an ( paiement annuel )

27/03/2024 - Obligation échue

Prospectus brochure de l'obligation Kommuninvest i Sverige XS1968465572 en SEK 0.375%, échue

10 000 SEK

8 500 000 000 SEK

Kommuninvest est une société anonyme suédoise qui fournit des financements à long terme aux municipalités et aux autorités régionales suédoises.

L'Obligation émise par Kommuninvest Sverige ( Suede ) , en SEK, avec le code ISIN XS1968465572, paye un coupon de 0.375% par an.
Le paiement des coupons est annuel et la maturité de l'Obligation est le 27/03/2024

The Issuer does not fall under the scope of application of the MiFID II package. Consequently, the
Issuer does not qualify as an "investment firm", "manufacturer" or "distributor" for the purposes of
MiFID II.
MiFID II product governance / Retail investors, professional investors and ECPs - Solely for the
purposes of each manufacturers product approval process, the target market assessment in respect of
the Notes has led to the conclusion that: (i) the target market for the Notes is eligible counterparties,
professional clients and retail clients, each as defined in MiFID II; and (ii) all channels for distribution
of the Notes are appropriate, subject to the distributors suitability and appropriateness obligations
under MiFID II, as applicable. Any person subsequently offering, selling or recommending the Notes
(a distributor) should take into consideration the manufacturers target market assessment; however,
a distributor subject to MiFID II is responsible for undertaking its own target market assessment in
respect of the Notes (by either adopting or refining the manufacturers target market assessment) and
determining appropriate distribution channels, subject to the distributors suitability and
appropriateness obligations under MiFID II, as applicable.
For the purposes of this provision, the expression manufacturer means any Manager that is a
manufacturer under MiFID II and the expression MiFID II means Directive 2014/65/EU, as amended.
FINAL TERMS
14 June 2019
Kommuninvest i Sverige Aktiebolag (publ)
Legal entity identifier (LEI): EV2XZWMLLXF2QRX0CD47
Issue of SEK 5,000,000,000 0.375% Green Bonds due 27 March 2024
(to be consolidated and form a single series with the existing SEK 3,500,000,000 0.375% Green Bonds
due 27 March 2024 issued on 27 March 2019 (the Existing Notes))
Guaranteed by certain regions of Sweden and certain municipalities of Sweden under the Euro Note
Programme
PART 1
CONTRACTUAL TERMS
Terms used herein shall be deemed to be defined as such for the purposes of the Conditions (the Conditions)
set forth in the base prospectus dated 8 June 2018. This document constitutes the Final Terms of the Notes
described herein and must be read in conjunction with the Base Prospectus dated 11 June 2019 (the Base
Prospectus) which constitutes a base prospectus for the purposes of the Luxembourg act relating to
prospectuses for securities (loi relative aux prospectus pours valeurs mobilières), save in respect of the
Conditions which are extracted from the base prospectus dated 8 June 2018 and are attached hereto. Full
information on the Issuer and the offer of the Notes is only available on the basis of the combination of these
Final Terms, the Base Prospectus and the base prospectus dated 8 June 2018.

1.
(a) Series
Number:
2119
(b) Tranche Number:
2
The Notes will be consolidated and form a single
Series with the Existing Notes on the date that is 40

1

days after the Issue Date (the Consolidation Date)
2.
Specified Currency or Currencies:
Swedish Kronor (SEK)
3.
Aggregate Nominal Amount:

Tranche:
SEK 5,000,000,000

Series:
SEK 8,500,000,000
4.
Issue Price of Tranche:
101.209 per cent. of the Aggregate Nominal Amount,
plus accrued interest from (and including) 27 March
2019 to (but excluding) the Issue Date
5.
(a) Specified
Denomination(s):
SEK 10,000
(b)
Calculation Amount:
SEK 10,000
6.
(a) Issue Date:
18 June 2019
(b) Interest Commencement Date:
27 March 2019
7.
Maturity Date:
27 March 2024
8.
Interest Basis:
0.375% Fixed Rate
(further particulars specified below)
9.
Redemption/Payment Basis:
Redemption at par
10.
Change of Interest Basis or
Not Applicable
Redemption/Payment Basis:
11.
Put/Call Options:
Not Applicable
12.
Method of distribution:
Syndicated
PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE
13.
Fixed Rate Note Provisions
Applicable
(a)
Rate of Interest:
0.375 per cent. per annum payable annually in arrear
(b)
Interest Payment Date(s):
27 March in each year from and including 27 March
2020 up to and including the Maturity Date.
(c)
Fixed Coupon Amount(s):
SEK 37.50 per Calculation Amount
(d)
Broken Amount(s):
Not Applicable
(e)
Day Count Fraction:
30/360
(f)
Determination Date(s):
Not Applicable
(g)
Other terms relating to the method
None

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of calculating interest for Fixed
Rate Notes:
14.
Floating Rate Note Provisions
Not Applicable
15.
Zero Coupon Note Provisions
Not Applicable
16.
Fund Linked Interest Note Provisions
Not Applicable
17.
Index Linked Interest Note Provisions
Not Applicable
18.
Dual Currency Interest Note Provisions
Not Applicable
PROVISIONS RELATING TO REDEMPTION

19.
Issuer Call:
Not Applicable
20.
Investor Put:
Not Applicable
21.
Final Redemption Amount:
SEK 10,000 per Calculation Amount
22.
Early Redemption Amount(s) payable on
SEK 10,000 per Calculation Amount
redemption for taxation reasons or on event
of default and/or the method of calculating
the same (if required or if different from
that set out in Condition 8.5):
GENERAL PROVISIONS APPLICABLE TO THE NOTES
23.
(a)
Form of Notes:
Bearer Notes

Temporary Bearer Global Note exchangeable for a
Permanent Bearer Global Note which is exchangeable
for Definitive Bearer Notes upon an Exchange Event
(b)
New Global Note
No
24.
Additional Financial Centre(s) or other
Not Applicable
special provisions relating to Payment
Dates:

25.
Talons for future Coupon or Receipts to be
No
attached to Definitive Notes in bearer form
(and dates on which such Talons mature):
26.
Details relating to Partly Paid Notes:
Not Applicable
amount of each payment comprising the
Issue Price and date on which each payment
is to be made and, if different from those
specified in the Temporary Global Note,
consequences of failure to pay, including
any right of the Issuer to forfeit the Notes
and interest due on late payment:
27.
Details relating to Instalment Notes:
Not Applicable

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(a)
Instalment Amount(s):
Not Applicable
(b)
Instalment Date(s):
Not Applicable
28.
Redenomination:
Redenomination not applicable
29.
Other final terms:
Not Applicable
30.
The names of the Guarantors as at the issue
See attached Guarantee dated 7 May 1993, as
date of the relevant Tranche and details of
amended
the date, form and other relevant details of
the Guarantee given by such Guarantors:
DISTRIBUTION

31.
(a)
If syndicated, names of Managers:
Danske Bank A/S
Skandinaviska Enskilda Banken AB (publ)
Swedbank AB (publ)
(b)
Stabilising Manager(s) (if any):
Not Applicable
(c)
Names of Financial Intermediaries
Not Applicable
(if any):
32.
If non-syndicated, name of relevant Dealer:
Not Applicable
33.
Total commission and concession:
0.125 % of the Aggregate Nominal Amount
34.
U.S. Selling Restrictions:
Reg S Compliance Category 2; TEFRA D
35.
Additional selling restrictions:
Not Applicable
36.
Additional U.S. Federal income tax
Not Applicable
considerations:
37.
Additional ERISA considerations:
Not Applicable
38.
Secondary (uridashi) offerings of Notes to
No
be made in Japan and (i) the relevant

Securities Registration Statements or (ii)
Amendments or Supplemental Documents
to Shelf Registration Statements under
Financial Instruments and Exchange Act of
Japan (Law No. 25 of 1948, as amended) in
respect of the Notes were filed prior to 11
June 2019:
39.
Prohibition of Sales to Belgian Consumers:
Applicable

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LISTING AND ADMISSION TO TRADING APPLICATION
These Final Terms comprise the final terms required for admission to the Official List of the Luxembourg
Stock Exchange and admission to trading on the regulated market of the Luxembourg Stock Exchange of the
issue of Notes described herein pursuant to the Euro Note Programme of Kommuninvest i Sverige
Aktiebolag (publ).

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PART 2
OTHER INFORMATION
1.
LISTING AND ADMISSION TO TRADING
Listing and admission to trading:
Application has been made for the Notes to be
admitted to the Official List of the Luxembourg Stock
Exchange and to trading on the regulated market of
the Luxembourg Stock Exchange with effect from 18
June 2019.
2.
RATINGS
Ratings:
The Notes to be issued have been rated:

Moody's: Aaa

S&P: AAA
3.
REASONS FOR THE OFFER, ESTIMATED NET PROCEEDS AND TOTAL EXPENSES
(a)
Reasons for the offer:
Management of proceeds
The net proceeds of the issue of the Notes will be
tracked by the Issuer in accordance with its internal
instructions, and will be verified by an external audit
firm. For conservative purposes, and in accordance
with the Issuer's internal instructions, the Issuer will
manage proceeds with an ambition for aggregate
Green Bond Proceeds not to exceed total
disbursements to Eligible Loans (as further described
below). Any excess amounts will be held in cash,
Green Bonds, municipality and/or government risk
with a minimum, average credit rating of A- by
Standard & Poor's or corresponding credit rating by
another rating agency approved by the Issuer. If a
financed Eligible Project (as further described below)
no longer meets the eligibility criteria upon approval,
the Issuer will remove it from the pool of Eligible
Loans. The Issuer will communicate on the nature of
allocations to Eligible Projects in its Green Bonds
Impact Report, see below. The allocations will be
verified by an external audit firm.
Eligible Loans and Eligible Projects
In accordance with the Issuer's Green Bonds
Framework (as amended from time to time) published
on the Issuer's web page http://kommuninvest.se/. As
at the date of these Final Terms:
Eligible Loans create a pool of selected loans from

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the Issuer which are financing, in whole or in part,
Eligible Projects (as described below) of the Issuer's
member municipalities/regions and their subsidiaries;
and
Eligible Projects include projects consisting of
renewable energy, energy efficiency in energy
systems, green buildings and energy efficiency, clean
transportation, waste management, water
management, adaptation measures in buildings,
infrastructure and sensitive surroundings and
environmental management.
Transparency
The Issuer will provide an annual Green Bonds
Impact Report to investors including 1) a list of
Eligible Loans/Projects exceeding SEK 25 million,
including allocated amount, a brief project
description, and expected impact; 2) a selection of
project examples; 3) information on the estimated
reduced/avoided CO2-emissions related to Eligible
Projects; 4) a summary of the Issuer's Green Bonds
development, including information on aggregate
Green Bond Proceeds; 5) the distribution between
new and completed Eligible Projects and 6) key
sustainability figures for the Issuer, including energy
performance and CO2-emissions.
The Issuer will report environmental impact in
accordance with the guidelines outlined in "Nordic
Public Sector Issuers: Position Paper on Green Bonds
Impact Reporting", available on the Issuer's web
page.
Neither the Issuer nor the Managers make assurances
as to (i) whether the Notes will meet investor criteria
and expectations with regard to environmental impact
for any investors, (ii) whether the use of the net
proceeds will be used for eligible projects or (iii) the
characteristics of the eligible projects, including their
environmental criteria.
(b)
Estimated net proceeds:
SEK 5,058,418,750
(c)
Estimated total expenses:
EUR 4,200
4.
YIELD (Fixed Rate Notes only)

Indication of yield:
0.121% annual

The yield is calculated at the Issue Date on the basis
of the Issue Price. It is not an indication of future
yield.

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5.
OPERATIONAL INFORMATION
(a)
ISIN:
Until the Notes are consolidated and form a single
series with the Existing Notes on the Consolidation
Date, XS2013505578
As of the Consolidation Date, XS1968465572
(b)
Common Code:
Until the Notes are consolidated and form a single
series with the Existing Notes on the Consolidation
Date, 201350557
As of the Consolidation Date,196846557
(c)
CFI:
DTFXFB as updated, as set out on the website of the
Association of National Numbering Agencies
(ANNA) or alternatively sourced from the
responsible National Numbering Agency that
assigned the ISIN
(d)
FISN:
KOMMUNINVEST I/.375EMTN 20240327 as
updated, as set out on the website of the Association
of National Numbering Agencies (ANNA) or
alternatively sourced from the responsible National
Numbering Agency that assigned the ISIN
(e)
CUSIP:
Not Applicable
(f)
CINS:
Not Applicable
(g)
Any clearing system(s) other than
Not Applicable
DTC, Euroclear and Clearstream,
Luxembourg and the relevant
identification number(s):
(h)
Agent:
Citibank, N.A., London Branch
(i)
Delivery:
Delivery against payment
(j)
Names and address of additional or Not Applicable
alternative Paying Agent(s) (if any):
(k)
Intended to be held in a manner
No
which would allow Eurosystem
eligibility:
Whilst the designation is specified as "no" at the date
of these Final Terms, should the Eurosystem
eligibility criteria be amended in the future such that
the Notes are capable of meeting them the Notes
may then be deposited with one of the ICSDs as
common safekeeper. Note that this does not mean
that the Notes will be recognised as eligible
collateral for Eurosystem monetary policy and intra
day credit operations by the Eurosystem at any time
during their life. Such recognition will depend upon

9

the ECB being satisfied that Eurosystem eligibility
criteria have been met.

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