Kingdom of Sweden issues USD 2.0 billion (approximately SEK 19 billion) in a new three-year bond at a yield of 2.587 per cent. The proceeds will be used to refinance maturing on-lending to the Riksbank.
The transaction was priced at mid-swaps flat. Nearly 50 investors took part in the deal with bids totaling USD 3.3 billion.
- We had strong demand from both central banks and bank treasuries, which provided us with a very tight price, says Anna Sjulander, Head of Funding at the Swedish National Debt Office.
Terms and conditions
| Issuer | Kingdom of Sweden |
| Size | USD 2.0 billion |
| Coupon | 2.5 % s.a. |
| Maturity date | 28 February 2022 |
| Price | 99.750 % |
| Yield | 2.587 % s.a. |
| Spread versus USD mid swaps | 0 bps |
| Spread versus US benchmark | 8.65 basis points |
| Lead managers | Barclays, Citigroup, Deutsche Bank |
In 2019, the Swedish National Debt Office plans to issue bonds in foreign currency equivalent to SEK 90 billion. The funding refers to refinancing of bonds previously raised on behalf of the Riksbank. After today's transaction, just over SEK 70 billion remains.
Distribution by investor
Distribution by region
For more information, please contact:
Johan Bergström, Funding manager, +46 8 613 45 68