Sweden raises EUR 2 billion in sale of three-year bond

Press release 10 June 2026

The Kingdom of Sweden has raised EUR 2 billion (approximately SEK 21.8 billion) selling a new three-year bond. The transaction is part of the Swedish National Debt Office’s communicated funding plan.

The bid volume was EUR 8.2 billion with 81 investors participating. The final pricing was fixed at 2.837 per cent, which is 5 basis points below the euro mid-swap rate and 12.2 basis points above the German benchmark three-year bond.

“Issuing foreign-currency bonds enables us to reach new investors beyond our domestic market, which this transaction confirms. The strong book building also meant that we could borrow at favourable terms,” says Johan Bergström, Head of Funding at the Debt Office.

Today’s transaction is included in the Debt Office’s current funding plan, which was published on 28 May 2026. The issuance of foreign-currency bonds does not generate any foreign-currency exposure in Sweden’s central government debt, as the Debt Office uses derivatives to hedge currency risks.

Terms and conditions

Details

Outcome

Issuer

Kingdom of Sweden

Size

EUR 2 billion

Coupon

2.75 %

Maturity date

2029-06-18

Price

99.753 %

Yield

2.837 %

Spread versus euro mid swaps

-5 basis points

Spread versus German benchmark

12.2 basis points

Lead managers

BNP Paribas, Danske Bank, SEB and Swedbank

 

Distribution by investor category

Investor category

Share of allocated volume

Central Banks/Official institutions

36 %

Asset Managers/Fund Managers

23 %

Banks

23 %

Insurance/Pension funds

13 %

Hedge funds

5 %

 

Distribution by region

Region

Share of allocated volume

Nordic region

39 %

Rest of Europe

38 %

UK

21 %

Asia/Middle East

2 %

Contact

Johan Bergström, Head of Funding, +46 8 613 45 68
Sofia Björk, Funding Manager, +46 8 613 52 74