City of Stockholm Issues SEK 1.5 Billion Floating Rate Notes Due January 2031
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 4d ago
0mins
Source: Yahoo Finance
- Bond Issuance Size: The City of Stockholm successfully issues SEK 1.5 billion in floating rate notes maturing in January 2031, which will provide crucial funding for municipal projects and enhance urban infrastructure development capabilities.
- Interest Rate Setting: The bond carries an interest rate of 2.173%, with an interest payment period of 90 days covering from January 14, 2026, to April 14, 2026, ensuring the city government maintains cost control in a low-interest-rate environment.
- Total Interest Amount: The total interest expense for this bond issuance is expected to be SEK 8,148,750, reflecting the city government's cautious strategy in debt management aimed at optimizing financial structure and reducing long-term burdens.
- Market Response: The bond issuance has received a positive market response, indicating investor confidence in the creditworthiness and future prospects of the City of Stockholm, which helps enhance the city's financing capabilities in capital markets.
Analyst Views on DB
Wall Street analysts forecast DB stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for DB is 41.98 USD with a low forecast of 35.44 USD and a high forecast of 46.63 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
11 Analyst Rating
7 Buy
4 Hold
0 Sell
Moderate Buy
Current: 39.140
Low
35.44
Averages
41.98
High
46.63
Current: 39.140
Low
35.44
Averages
41.98
High
46.63
About DB
Deutsche Bank Aktiengesellschaft is a bank and holding company for its subsidiaries. The Company offers a range of services such as investment, financial and related products and services to private individuals, corporate entities, and institutional clients. It operates through four business divisions: Corporate Bank, Investment Bank, Private Bank and Asset Management. The Corporate Bank division serves corporate clients and financial institutions, offering cash management, trade finance, lending, foreign exchange, trust and agency services, correspondent banking, and securities services. The Investment Bank division includes Fixed Income & Currencies (FIC) Sales & Trading, Origination & Advisory, and Deutsche Bank Research. The Private Bank division focuses on personal and private clients, wealthy individuals, entrepreneurs and families. The Asset Management division operates under the brand DWS, and it serves a diverse client base of retail and institutional investors worldwide.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
