Kingdom of Sweden lends 3 billion dollar to the Riksbank
(Thomson Reuters ONE) -
Kingdom of Sweden issues USD 3 billion (approximately SEK 19.5 billion) in a new
three-year benchmark to a yield of 1.053 per cent. The refunding concerns
earlier on-lending to the Riksbank.
The deal was oversubscribed and the final book size amounted to USD 3.3 billion.
-Today's deal once again shows that Sweden can borrow large volumes of foreign
currency in a volatile market, says Maria Norström, Head of Funding.
The Debt Office has now raised bonds in foreign currencies to the equivalent of
SEK 128 billion. The Debt Office plans to issue additional bonds in foreign
currency in the region of SEK 12 billion. The size depends on market conditions.
The funding concerns rollover of bonds and commercial paper earlier issued on
behalf of the Riksbank.
Banks bought 54 per cent of the deal. Central banks represented 30 per cent
while the balance went to asset managers and others. Around 64 per cent of the
bond was sold to investors in Europe, 28 per cent to the Americas and 6 per cent
to the Middle East and Africa. The balance was placed in Asia.
+--------------------------------------------------------------------+
| Terms and conditions |
+-----------------------------+--------------------------------------+
| Issuer | Kingdom of Sweden |
+-----------------------------+--------------------------------------+
| Size | USD 3 billion |
+-----------------------------+--------------------------------------+
| Coupon | 1.000 % payable s.a. |
+-----------------------------+--------------------------------------+
| Maturity date | 15 November 2016 |
+-----------------------------+--------------------------------------+
| Price | 99.834 % |
+-----------------------------+--------------------------------------+
| Yield | 1.053 % s.a. |
+-----------------------------+--------------------------------------+
| Spread versus USD mid swaps | Minus 3 basis points |
+-----------------------------+--------------------------------------+
| Spread versus US benchmark | 25.75 basis points |
+-----------------------------+--------------------------------------+
| Lead managers | Citigroup, Deutsche Bank, J.P Morgan |
+-----------------------------+--------------------------------------+
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#1724517]
Unternehmensinformation / Kurzprofil:
Datum: 22.08.2013 - 20:15 Uhr
Sprache: Deutsch
News-ID 290352
Anzahl Zeichen: 3473
contact information:
Town:
Stockholm
Kategorie:
Business News
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