Market programme
City of Stockholm’s financing is primarily conducted through established bond and commercial paper programmes.
For long term debt management, City of Stockholm uses an EMTN-programme (Euro Medium Term Note) with a framework of 8 billion euro.
Short term debt is managed with a local, KCP (Commercial Paper) programme and a ECP (Euro Commercial paper) programme.
City of Stockholm’s outstanding debt per programme:
- Kommuncertifikat (KCP). Framework 12 000 million SEK (2 200 million SEK utilized).
- Euro-Commercial paper. Framework 1 500 million USD (0 million utilized).
- Euro Medium Term Note (EMTN). Framework 8 000 million euro (utilized 58 044 SEK).
Euro Medium Term Note – Programme
Framework: 8 billion EUR
Shortest maturity: Minimum 1 year
Arranger: Goldman Sachs
Issuing banks:
- Barclays
- Danske Bank
- Deutsche Bank
- Goldman Sachs
- Nordea
- SEB
- Handelsbanken
- Swedbank.
City of Stockholm, offering circular (pdf)
Local Certificate Programme (KCP)
Framework: 12 billion SEK
Longest maturities: One year
Arranger: SEB
Issuing banks:
- Danske Bank
- Handelsbanken
- Nordea
- SEB
- Swedbank.
Information om KCP, in Swedish (pdf)
International Certificate Programme – Euro Commercial Paper
Framework: 1,5 billion USD
Longest maturities: One year
Arranger: Barclays
Issuing banks:
- Barclays
- Citibank
- SEB
- Natwest
- Handelsbanken.