Obligation Kommuninvest Sverige 0.375% ( XS2351401109 ) en SEK

Kommuninvest Sverige

100 % ▲

Suede

XS2351401109 ( en SEK )

0.375% par an ( paiement annuel )

10/06/2026

Prospectus brochure de l'obligation Kommuninvest i Sverige XS2351401109 en SEK 0.375%, échéance 10/06/2026

10 000 SEK

5 000 000 000 SEK

10/06/2026 ( Dans 121 jours )

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 XS2351401109, paye un coupon de 0.375% par an.
Le paiement des coupons est annuel et la maturité de l'Obligation est le 10/06/2026

APPLICABLE FINAL TERMS
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 the 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, including investment advice, portfolio
management, non-advised sales and pure execution services. 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 distributor's 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.
8 June 2021
Kommuninvest i Sverige Aktiebolag (publ)
Legal entity identifier (LEI): EV2XZWMLLXF2QRX0CD47
Issue of SEK 5,000,000,000 0.375% Green Bonds due 10 June 2026
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 set forth in
the base prospectus dated 11 June 2020 and the supplements to it dated 31 August 2020 and 25 February
2021 (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). This
document constitutes the Final Terms of the Notes described herein and must be read in conjunction
with the Base Prospectus. Full information on the Issuer and the offer of the Notes is only available on
the basis of the combination of these Final Terms and the Base Prospectus.
1.
(a)
Series Number:
2308
(b)
Tranche Number:
1
2.
Specified Currency or Currencies:
Swedish Krona (SEK)
3.
Aggregate Nominal Amount:

Tranche:
SEK 5,000,000,000

Series:
SEK 5,000,000,000

4.
Issue Price of Tranche:
99.946 per cent. of the Aggregate Nominal
Amount
5.
(a)
Specified Denomination(s):
SEK 10,000
(b)
Calculation Amount:
SEK 10,000
6.
Issue Date and Interest Commencement
10 June 2021
Date:
7.
Maturity Date:
10 June 2026
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):
10 June in each year, from and including
10 June 2022, 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, unadjusted
(f)
Determination Date(s):
Not Applicable
(g)
Other terms relating to the
None
method 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
Not Applicable
Provisions

17.
Index Linked Interest Note
Not Applicable
Provisions
18.
Dual Currency Interest Note
Not Applicable
Provisions
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
Not Applicable
on 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
No
be 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

(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
See attached Guarantee dated 7 May 1993, as
issue date of the relevant Tranche and
amended
details of the date, form and other
relevant details of the Guarantee given
by such Guarantors:
DISTRIBUTION

31.
(a) If syndicated, names of
Danske Bank A/S, Nordea Bank Abp and
Managers:
Skandinaviska Enskilda Banken AB (publ)
(b)
Stabilising Manager(s) (if any):
Not Applicable
(c)
Names of Financial
Not Applicable
Intermediaries (if any):
32.
If non-syndicated, name of relevant
Not Applicable
Dealer:
33.
Total commission and concession:
0.100% 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 No
to 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 2020:
39.
Prohibition of Sales to Belgian
Applicable
Consumers:

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).
RESPONSIBILITY
The Issuer accepts responsibility for the information contained in these Final Terms.
Signed on behalf of Kommuninvest i Sverige Aktiebolag (publ):
By:
Duly authorised

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 the Issue Date.
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:
Eligible Projects: The use of proceeds will be
applied for investment projects undertaken by
Swedish local governments that promote the
transition to a low-carbon and climate-resilient
society and according to the Issuer's Green
Bond Framework dated 7 March 2018 (as
amended from time to time), available on the
Issuer's website
(https://kommuninvest.se/en/funding-and-
fundingneed/greenbonds/).

(b)
Estimated net proceeds:
SEK 4,992,300,000
(c)
Estimated total expenses:
EUR 3,300
4.
YIELD (Fixed Rate Notes only)

Indication of yield:
0.386% per annum

The yield is calculated at the Issue Date on the
basis of the Issue Price. It is not an indication of
future yield.
5.
OPERATIONAL INFORMATION
(a)
ISIN:
XS2351401109
(b)
Common Code:
235140110
(c)
CFI:
DTFNFB 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 20260610 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
Not Applicable
than 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 Not Applicable
or alternative Paying Agent(s) (if
any):
(k)
Intended to be held in a manner
No. Whilst the designation is specified as "no" at
which would allow Eurosystem
the date of these Final Terms, should the
eligibility:
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 the ECB
being satisfied that Eurosystem eligibility criteria
have been met.

Annex 1

Guarantee