Kingdom of Sweden issues a 5-year dollar benchmark

17 March 2015 - Press release

Kingdom of Sweden issues USD 1.75 billion (approximately SEK 15 billion) in a new five-year bond at a yield of 1.667 per cent. The proceeds will be used for the central government.

The transaction was priced at mid-swaps minus four basis points. It is the first five-year syndicated sovereign dollar benchmark to price through mid-swaps so far this year.

 – It was interesting and pleasant to see such broad distribution both geographically and by type of investor, says Maria Norström, Head of Funding.

Terms and conditions

Issuer

Kingdom of Sweden

Size

USD 1.75 billion

Coupon

1.625 % s.a.

Maturity date

24 Jan 2020

Price

99.799 %

Yield

1.667 % s.a.

Spread versus USD mid swaps

Minus 4 basis points

Spread versus US benchmark

12.1 basis points

Lead managers

Barclays, Credit Suisse and HSBC

 In 2015, the Debt Office plans to issue foreign currency bonds equivalent to SEK 93 billion. The volume includes refinancing of on-lending to the Riksbank equivalent to SEK 53 billion. After today’s transaction approximately SEK 31 billion remains.

Distribution by investor and region

 Diagram investerare engDiagram regioner eng

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