Kommuninvest is a Swedish Local Government Funding Agency that was set up in 1986 by Lars Andersson, former finance officer of the municipality of Örebro, Sweden. The scheme aims to help municipal governments to raise capital through the issuance of bonds in Europe, Japan and other countries. Bonds are issued in Europe and in Japan under the form of Uridashi bonds (bonds issued by foreign entities in the Japanese market in non JPY currencies that can be sold to Japanese retail investors). Kommuninvest does not currently issue any bonds in the US due to tight regulatory guidelines.