Kingdom of Sweden issues a 3-year dollar benchmark

Press release 15 January 2015

Kingdom of Sweden issues USD 2.5 billion (approximately SEK 20 billion) in a new three-year bond at a yield of 0.962 per cent. The proceeds will be used to refinance maturing on-lending to the Riksbank.

The transaction was priced at mid-swaps minus 6 basis points and is the first European sovereign issue in dollar this year. Over 40 investors took part in the deal.

 – Despite a significant volatility in the fixed income and FX markets as well weakness in equities, we could price flat to our secondary curve, says Maria Norström, Head of Funding.

Terms and conditions


Kingdom of Sweden


USD 2.5 billion


0.875 % s.a.

Maturity date

23 Jan 2018


99.743 %


0.962 % s.a.

Spread versus USD mid swaps

Minus 6 basis points

Spread versus US benchmark

15.3 basis points

Lead managers

Barclays, Citigroup, Nordea

 In 2015, the Debt Office plans to issue foreign currency bonds equivalent to SEK 97 billion. The volume includes refinancing of on-lending to the Riksbank equivalent to SEK 57 billion.

Distribution by investor and region

 Distribution by investorDistribution by region

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