Kingdom of Sweden issues 3-year dollar benchmark - Riksgalden.se

Kingdom of Sweden issues 3-year dollar benchmark

7 February 2018 - Press release

Kingdom of Sweden issues USD 3.0 billion (approximately SEK 24 billion) in a new three-year bond at a yield of 2.465 per cent. The proceeds will be used to refinance maturing on-lending to the Riksbank.

 

The transaction was priced at mid-swaps minus 1 basis point. Over 40 investor took part in the deal with bids totaling USD 4.4 billion.

– Despite volatile markets, demand from investors was significant, says Anna Sjulander, Head of Funding at the Swedish National Debt Office.

 

Terms and conditions

Issuer

Kingdom of Sweden

Size

USD 3.0 billion

Coupon

2.375 % s.a.

Maturity date

15 February 2021

Price

99.741 %

Yield

2.465 % s.a.

Spread versus USD mid   swaps

Minus 1 basis point

Spread versus US   benchmark

16.85 basis points

Lead managers

Citigroup, Barclays, HSBC

 

In 2018, the Debt Office plans to issue bonds in foreign currency equivalent to SEK 102 billion. The funding refers to refinancing of bonds previously raised on behalf of the Riksbank. The funding refers to refinancing of bonds previously raised on behalf of the Riksbank. After today’s transaction, just over SEK 14 billion remains.

Distribution by investor

Diagramme distribution investors

Distribution by region

Diagramme distribution regions

For more information, please contact:
Johan Bergström, Funding manager, +46 8 613 45 68