Swedish krona

FMO has raised Skr700m ($75.4m) with its first sustainability bond in the Swedish currency.

FMO is set to raise a minimum of Skr500m ($54.25m) with a seven year sustainability bond on Tuesday, while KfW plans to bring a dollar green bond.

A pair of Nordic public sector borrowers showed the strength of green bond market, printing a pair of well received trades, both of which were priced inside the issuers’ conventional bond curves.

Kommuninvest issued on Wednesday the largest ever green bond in Swedish kronor. The note offered a negative yield, and was still over 2.6 times subscribed. It was a fantastic example, the leads said, of a strong name issuing in a starved market.

Kommuninvest has selected banks for a bond expected to break the size record for green bonds denominated in Swedish krona.

Kommuninvest is planning to bring the largest ever green bond in Swedish kronor in the third quarter of the year, after debuting in the format with a dollar bond in March.