Kingdom of Sweden issues USD 3.0 billion (approximately SEK 24 billion) in a new three-year bond at a yield of 2.465 per cent. The proceeds will be used to refinance maturing on-lending to the Riksbank.
The transaction was priced at mid-swaps minus 1 basis point. Over 40 investor took part in the deal with bids totaling USD 4.4 billion.
- Despite volatile markets, demand from investors was significant, says Anna Sjulander, Head of Funding at the Swedish National Debt Office.
Terms and conditions
| Issuer | Kingdom of Sweden |
| Size | USD 3.0 billion |
| Coupon | 2.375 % s.a. |
| Maturity date | 15 February 2021 |
| Price | 99.741 % |
| Yield | 2.465 % s.a. |
| Spread versus USD mid swaps | Minus 1 basis point |
| Spread versus US benchmark | 16.85 basis points |
| Lead managers | Citigroup, Barclays, HSBC |
In 2018, the Debt Office plans to issue bonds in foreign currency equivalent to SEK 102 billion. The funding refers to refinancing of bonds previously raised on behalf of the Riksbank. The funding refers to refinancing of bonds previously raised on behalf of the Riksbank. After today's transaction, just over SEK 14 billion remains.
Distribution by investor
Distribution by region
For more information, please contact:
Johan Bergström, Funding manager, +46 8 613 45 68