Sweden raises USD 3 billion in a three-year bond at 1.218 %

13 October 2016 - Press release

Kingdom of Sweden raised USD 3 billion (approximately SEK 26 billion) in a new three-year benchmark at a yield of 1.218 per cent. The proceeds will be used to refinance loans to the Riksbank.

The transaction was priced at mid-swaps plus 6 basis points. More than 70 investors took part with the total bid volume exceeding USD 3 billion.

 – There was a great demand for our bonds and the market conditions were positive. This enabled us to price the issue at a favourable level.  We are pleased to see that the bond was placed with a large number of investors around the world, says Maria Norström, Head of Funding at the Swedish National Debt Office.

Terms and conditions

Issuer

Kingdom of Sweden

Size

USD 3 billion

Coupon

1.125 % s.a.

Maturity date

21 October 2019

Price

99.727 %

Yield

1.218 % s.a.

Spread versus USD mid swaps

6 basis points

Spread versus US benchmark

20.45 basis points

Lead managers

Barclays, Goldman Sachs, HSBC, SEB

The Debt Office plans to sell foreign-currency bonds for a total of SEK 59 billion in 2016.Today’s transaction, which was the third one this year, completes the funding in foreign-currency bonds this year for the Riksbank.

Distribution by investor

Distribution by investor

Distribution by region

Distribution by region

 Contact

Johan Bergström, Funding Manager, +46 (0)8 613 45 68