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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.
|
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 |
|
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 % |
|
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