Kingdom of Sweden issues dollar at record low yield

(Thomson Reuters ONE) -


The Kingdom of Sweden issues 2.25 billion dollar (about SEK 15.5 billion) in a
new three-year benchmark bond to the Riksbank. The yield is the lowest
syndicated three year dollar deal this year.

* The deal was oversubscribed already an hour after the opening of the
bidding. We have once again benefited from investors looking for high
quality securities, says Head of Funding Maria Norström.

Bid volume was just over 3 billion dollar. Central banks bought 46 per cent of
the issue. Banks and pension- and insurance companies bought 21 and 12 per cent
respectively. The balance was bought by asset managers, corporates and private
banks. About 31 per cent of the bond was sold to Africa and the Middle East, 24
per cent to Europe and 18 per cent to the Americas. The remainder went to Asia
and other European countries.

Market participants agree that the appetite for Swedish government securities
continues to be very strong:

* Investors are looking for Swedish government bonds. Sweden is a rare
borrower with the highest creditworthiness, immune to the volatility in the
Eurozone. Sweden can take advantage of being one of few issuers that can
offer dollar bonds with short maturity at a time when the demand for safe
haven credits is large.


Terms and conditions

Issuer Kingdom of Sweden

Size USD 2.25 billion

Coupon 0.375%

Maturity 18 May, 2015

Price 99.634%

Yield 0.498%

Spread versus Benchmark plus 12 basis points

Spread versus dollar mid swaps minus 19 basis points

Lead managers Barclays, Credit Suisse, Goldman Sachs

For more information, please contact:

Anna Sjulander, Deputy Head of Funding, +46 8 613 47 77








This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.

Source: Riksgälden via Thomson Reuters ONE
[HUG#1611345]

Weitere Infos zu dieser Pressemeldung:
Unternehmensinformation / Kurzprofil:
Bereitgestellt von Benutzer: hugin
Datum: 11.05.2012 - 11:01 Uhr
Sprache: Deutsch
News-ID 145466
Anzahl Zeichen: 2730

contact information:
Town:

Stockholm

Kategorie:

Business News

Diese Pressemitteilung wurde bisher 209 mal aufgerufen.


Die Pressemitteilung mit dem Titel:
"Kingdom of Sweden issues dollar at record low yield"
steht unter der journalistisch-redaktionellen Verantwortung von

Riksgälden (Nachricht senden)

Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).

Central government payments gave a surplus in November ...

Swedish central government payments resulted in a surplus of SEK 6.7 billion in November. The Debt Office's forecast was SEK 13.0 billion. The difference is explained by displacements of payments between months within the Debt Office's net ...

Central government payments gave a deficit in October ...

Swedish central government payments resulted in a deficit of SEK 19.6 billion in October. The Debt Office's forecast was SEK 14.3 billion. The difference is explained by displacements of payments between months within the Debt Office's net ...

New executives at the SNDO ...

The Debt Management Department at the SNDO has today appointed five new executives and recruited one senior funding manager. "I am very pleased with the skills and experience we have been able to gather. All our divisions will now be run by new ...

Alle Meldungen von Riksgälden