Kingdom of Sweden lends 1.3 billion dollar to the Riksbank

Press release 20 November 2013

Kingdom of Sweden issues EUR 1 billion in a new three-year benchmark to a yield of 0.353 per cent. The bond will finance an on-lending to the Riksbank which will replace maturing loans.

– This was Sweden's last foreign currency bond issue in public markets this year. Moreover, it was priced through all Eurozone sovereigns apart from Germany,says Maria Norström, Head of Funding.

Bond borrowing in foreign currency 2013

Sweden this year so far has issued foreign currency bonds equivalent to approximately SEK 140 billion via public issues, including today's deal equivalent to SEK 9 billion. Bond borrowing in foreign currency is estimated to SEK 60 billion in 2014.

Distribution by geography and type

Central banks bought 61 per cent of the transaction. Fund managers represented 16 per cent while the balance went to pension funds and banks.

Around 48 per cent of the bond was sold to European investors outside the Nordic region, 21 per cent to the Middle East and Africa and 17 per cent to Nordic region. The balance was placed in Asia and in the Americas.

Terms and conditions
Issuer Kingdom of Sweden
Size EUR 1 billion
Coupon 0.250 %
Maturity 27 November 2016
Price 99.693 %
Yield 0.353 %
Spread versus Euro mid swaps minus 28 basis points
Spread versus Benchmark plus 12 basis points
Lead managers Barclays, Crédit Agricole CIB, Danske Bank

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