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Sweden raises USD 3 billion in a three-year bond at 1.218 %
Press release 13 October 2016
Kingdom of Sweden raised USD 3 billion (approximately SEK 26 billion) in a new three-year benchmark at a yield of 1.218 per cent. The proceeds will be used to refinance loans to the Riksbank.
The transaction was priced at mid-swaps plus 6 basis points. More than 70 investors took part with the total bid volume exceeding USD 3 billion.
– There was a great demand for our bonds and the market conditions were positive. This enabled us to price the issue at a favourable level. We are pleased to see that the bond was placed with a large number of investors around the world, says Maria Norström, Head of Funding at the Swedish National Debt Office.
Issuer |
Kingdom of Sweden |
---|---|
Size |
USD 3 billion |
Coupon |
1.125 % s.a. |
Maturity date |
21 October 2019 |
Price |
99.727 % |
Yield |
1.218 % s.a. |
Spread versus USD mid swaps |
6 basis points |
Spread versus US benchmark |
20.45 basis points |
Lead managers |
Barclays, Goldman Sachs, HSBC, SEB |
The Debt Office plans to sell foreign-currency bonds for a total of SEK 59 billion in 2016.Today’s transaction, which was the third one this year, completes the funding in foreign-currency bonds this year for the Riksbank.
Distribution by investor
Distribution by region
Contact
Johan Bergström, Funding Manager, +46 (0)8 613 45 68