Kingdom of Sweden lends 3 billion dollar to the Riksbank
(Thomson Reuters ONE) -
Kingdom of Sweden issues USD 3 billion (approximately SEK 19 billion) in a new
five-year benchmark to a yield of 1.044 per cent. The proceeds are part of the
on-lending to the Riksbank.
Including today's loan, the Kingdom of Sweden has issued approximately SEK 98.5
of the additional SEK 100 billion that it commited to lend to the Riksbank in
January 2013. SEK 60 billion have been raised through bonds and SEK 38.5 billion
through commercial paper. Hence, there is no need for any further bond issuance
to fulfill the new request.
SEK 60 billion of the total funding requirement for foreign currency bonds of
the equivalent of SEK 137 billion have now been covered. SEK 77 billion, of
which SEK 70 billion regards rollover of earlier on-lending to the Riksbank,
remain.
Central banks bought 64 per cent of the deal. Banks represented 23 per cent
while the balance went to asset managers and pension- and insurance companies.
Around 39 per cent of the bond was sold to Asian investors, 13 per cent to the
Nordic region and 26 per cent to other European countries. The remainder was
placed in the Middle East and in the Americas.
+----------------------------------------------------------------------------+
| Terms and conditions |
+-----------------------------+----------------------------------------------+
| Issuer | Kingdom of Sweden |
+-----------------------------+----------------------------------------------+
| Size | USD 3 billion |
+-----------------------------+----------------------------------------------+
| Coupon | 1.0 % s.a |
+-----------------------------+----------------------------------------------+
| Maturity date | 2018-02-27 |
+-----------------------------+----------------------------------------------+
| Price | 99.786 % |
+-----------------------------+----------------------------------------------+
| Yield | 1.044 % s.a. |
+-----------------------------+----------------------------------------------+
| Spread versus USD mid swaps | 0 |
+-----------------------------+----------------------------------------------+
| Spread versus US benchmark | 16.1 basis points |
+-----------------------------+----------------------------------------------+
| Lead managers | Barclays, Citi, 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#1679809]
Unternehmensinformation / Kurzprofil:
Datum: 20.02.2013 - 20:30 Uhr
Sprache: Deutsch
News-ID 231645
Anzahl Zeichen: 3746
contact information:
Town:
Stockholm
Kategorie:
Business News
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