Kingdom of Sweden lends 3 billion dollar to the Riksbank

20 February 2013 - Press release

Kingdom of Sweden issues USD 3 billion (approximately SEK 19 billion) in a new five-year benchmark to a yield of 1.044 per cent. The proceeds are part of the on-lending to the Riksbank.

Including today's loan, the Kingdom of Sweden has issued approximately SEK 98.5 of the additional SEK 100 billion that it commited to lend to the Riksbank in January 2013. SEK 60 billion have been raised through bonds and SEK 38.5 billion through commercial paper. Hence, there is no need for any further bond issuance to fulfill the new request.

SEK 60 billion of the total funding requirement for foreign currency bonds of the equivalent of SEK 137 billion have now been covered. SEK 77 billion, of which SEK 70 billion regards rollover of earlier on-lending to the Riksbank, remain.

Central banks bought 64 per cent of the deal. Banks represented 23 per cent while the balance went to asset managers and pension- and insurance companies. Around 39 per cent of the bond was sold to Asian investors, 13 per cent to the Nordic region and 26 per cent to other European countries. The remainder was placed in the Middle East and in the Americas.

Terms and conditions
Issuer Kingdom of Sweden
Size USD 3 billion
Coupon 1.0 % s.a
Maturity date 2018-02-27
Price 99.786 %
Yield 1.044 % s.a.
Spread versus USD mid swaps 0
Spread versus US Benchmark 16.1 basis points
Lead managers Barclays, Citi, Credit Suisse, Goldman Sachs

For more information, please contact:
Anna Sjulander, Deputy Head of Funding, +46 8 613 47 77