Sweden raises USD 2 billion in three-year bond at 1.224 %

Press release 8 March 2016

Kingdom of Sweden raised USD 2 billion (approximately SEK 17 billion) at a yield of 1.224 per cent in a new three-year benchmark. The proceeds will be used to refinance loans to the Riksbank.

The transaction was priced at mid-swaps plus 19 basis points. More than 50 investors took part with the total bid volume exceeding USD 2 billion.

– With the FOMC meeting next week, many issuers took advantage of issuing now. In just a couple of days there has been competing supply of USD 10 billion. Still, the interest for our transaction was significant, says Maria Norström, Head of Funding at the Swedish National Debt Office. 

Terms and conditions


Kingdom of Sweden


USD 2 billion


1.125 % s.a.

Maturity date

15 March 2019


99.709 %


1.224 % s.a.

Spread versus USD mid swaps

19 basis points

Spread versus US benchmark

20.9 basis points

Lead managers

Goldman Sachs, Nordea, Royal Bank of Scotland

The Debt Office plans to sell foreign-currency bonds for a total of SEK 60 billion in 2016. After today’s transaction, SEK 43 billion of the total remain. All of the planned funding in foreign-currency bonds this year is made to refinance maturing loans to the Riksbank.

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