Kingdom of Sweden lends 1 billion dollar to the Riksbank
(Thomson Reuters ONE) -
Kingdom of Sweden issues USD 1 billion (approximately SEK 6.5 billion) in a new
three-year benchmark to a yield of 0.486 per cent. The proceeds are part of the
rollover of earlier on-lending to the Riksbank.
The deal was oversubscribed and the final book size exceeded USD 1.2 billion.
-Today's deal once again shows that Sweden can borrow on very favorable terms
compared to other major sovereigns in the euro area, says Maria Norström, Head
of Funding.
Of the total funding requirement of foreign currency bonds equivalent of SEK
137 billion, SEK 73 billion have now been covered. SEK 64 billion of bond
issuance remains. The refunding concerns earlier on-lending to the Riksbank.
Central banks bought 65 per cent of the deal. Banks represented 19 per cent
while the balance went to asset managers and private banks. Around 30 per cent
of the bond was sold to Asian investors, 9 per cent to the Nordic region and 25
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 1 billion |
+-----------------------------+-------------------------------+
| Coupon | 0.375 % payable s.a. |
+-----------------------------+-------------------------------+
| Maturity date | 2016-03-29 |
+-----------------------------+-------------------------------+
| Price | 99.670 % |
+-----------------------------+-------------------------------+
| Yield | 0.486 % s.a. |
+-----------------------------+-------------------------------+
| Spread versus USD mid swaps | Minus 6 basis points |
+-----------------------------+-------------------------------+
| Spread versus US benchmark | 11.35 basis points |
+-----------------------------+-------------------------------+
| Lead managers | Barclays, Deutsche Bank, HSBC |
+-----------------------------+-------------------------------+
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#1687306]
Unternehmensinformation / Kurzprofil:
Datum: 21.03.2013 - 20:00 Uhr
Sprache: Deutsch
News-ID 242170
Anzahl Zeichen: 3302
contact information:
Town:
Stockholm
Kategorie:
Business News
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