Sweden raises USD 2 billion at 0.753 % in two-year bond sale

Press release 24 March 2020

Kingdom of Sweden today raised USD 2 billion (approximately SEK 20.5 billion) at a yield of 0.753 per cent issuing a two-year benchmark. The bond sale is part of the Debt Office’s funding plan and the proceeds will be used to refinance loans to the Riksbank.

The bid volume reached USD 4.15 billion with almost 70 investors taking part. Final pricing was fixed at 40 basis points above the corresponding US benchmark.

– Managing to execute this planned transaction amid the market turbulence sparked by the coronavirus shows strength. Receiving bids from investors all over the world indicates that Kingdom of Sweden is seen as a safe and stable issuer, says Anna Sjulander, Head of Funding at the Swedish National Debt Office.

Terms and conditions
Issuer Kingdom of Sweden


USD 2 billions


0.750 % s.a.

Maturity date



99.994 %


0.753 % s.a.

Spread versus USD mid swaps

23 basis points

Spread versus US benchmark

40 basis points

Lead managers

BMO, Citi, Goldman Sachs International, HSBC


Distribution by investor type
Bank/Bank Treasury 9 %

Centralbank/Official institutions

80 %

Asset managers

11 %


Distribution by region
Americas 22 %


43 %


35 %


Johan Bergström, Deputy Head of Funding, +46 8 613 45 68