Sweden raises SEK 20 billion in new government bond sale

Press release 11 March 2026

The Swedish National Debt Office has introduced a new government bond, SGB 1068 maturing in 2037, in a planned syndication of SEK 20 billion. A wide range of investors bid on the bond, which was sold at a yield of 2.855 per cent.

Bond syndication, as opposed to regular auctions, is a process in which a group of banks carries out the bond sale for the Debt Office. A total of 40 investors participated in the final bidding for the new bond, with a bid volume of SEK 50 billion. The transaction was priced at 2 basis points above the yield of the current ten-year government bond SGB 1067.

– We see it as a sign of strength that the order book was more than double the issuance volume and that we were able to reach international investors who are not regularly active in the Swedish market, says Johan Bergström, head of funding at the Debt Office.

Today’s transaction is part of the Debt Office’s current borrowing plan, which was published in November 2025. The new bond will become Sweden’s ten-year reference bond in September 2026.  

Terms and conditions
Issuer Swedish National Debt Office 
Size SEK 20 billion
Coupon 2.75 %
Maturity date 2037-02-09
Price 99.025 % 
Yield 2.855 %
Yield spread against SGB 1067 2 basis points
Joint lead managers Danske Bank, Handelsbanken, Nordea, SEB, Swedbank

 

Distribution by investor type
Asset managers 46%
Pension funds 23%
Central banks and OI 14%
Hedge funds 10.5 %
Banks 6.5 %

 

Distribution by region
Sweden 62%
Other Nordics 6%
UK 26%
Rest of Europe 4%
Others 2%

Contact

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