Kingdom of Sweden issues USD 2.25 billion (approximately SEK 19 billion) in a new three-year bond at a yield of 1.136 per cent. The proceeds will be used to refinance maturing on-lending to the Riksbank.
The transaction was priced at mid-swaps minus 10 basis points, which is the lowest level for the Kingdom of Sweden in a 3-year dollar bond since 2012. Over 50 investors took part in the deal with bids totalling USD 3.3 billion.
- Despite volatile fixed-income and FX markets, demand from investors was significant, says Maria Norström, Head of Funding at the Swedish National Debt Office.
Terms and conditions
Issuer | Kingdom of Sweden |
Size | USD 2.25 billion |
Coupon | 1.125 % s.a. |
Maturity date | 15 May 2018 |
Price | 99.968 % |
Yield | 1.136 % s.a. |
Spread versus USD mid swaps | -10 basis points |
Spread versus US benchmark | 14.5 basis points |
Lead managers | Citigroup, HSBC, Nordea |
In the latest forecast from February, the Debt Office planned for total borrowing in foreign-currency bonds of SEK 93 billion in 2015. After today's transaction approximately SEK 10 billion remains.
Distribution by investor and region
For more information, please contact:
Anna Sjulander, Deputy Head of Funding, +46 8 613 47 77
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Riksgälden via Globenewswire
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