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Kingdom of Sweden issues a 5-year dollar benchmark
Press release 17 March 2015
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.
| 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
For more information, please contact:
Anna Sjulander, Deputy Head of Funding, +46 8 613 47 77