Sweden raises USD 2.5 billion at 0.242 % in two-year bond sale

Press release 6 October 2020

Kingdom of Sweden today raised USD 2.5 billion (approximately SEK 22.2 billion) at a yield of 0.242 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 4.7 billion with more than 70 investors taking part. Final pricing was fixed at 1 basis point above USD Mid swaps and 10 basis points above the corresponding US benchmark.

Our loan was met by significant demand, mainly from Central Banks. The large orderbook enabled pricing the loan at favorable terms, says Acting Head of Funding Johan Bergström.

Terms and conditions

Issuer

Kingdom of Sweden

Size

USD 2.5 billions

Coupon

0.125 % s.a.

Maturity date

2022-10-14

Price

99.767 %

Yield

0.242 %

Spread versus USD mid swaps

1 basis point

Spread versus US benchmark

10 basis points

Lead managers

Credit Agricole CIB / J.P. Morgan / Nordea

Distribution by investor type

Bank/Bank Treasury

7 %

Centralbank/Official institutions

84 %

Others

9 %

 

Distribution by region

Americas

14.4 %

Asia

48.4 %

EMEA

37.2 %

Contact

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

Åsa Elm 300x300 pixlar

Press contact

The Debt Office's operations shall be characterized by an openness to the public and the media. The right of access to official business is a cornerstone of Swedish democracy.

Our press secretary helps you get in touch with the right person so that you can get your questions answered quickly and easily. The press secretary can also provide you with material, answer comprehensive questions about our business and upcoming publications.

Åsa Elm
Press phone: +46 8-613 47 01
Mobil: +46 76-100 63 56
E-mail: Åsa Elm