Kingdom of Sweden lends 1.3 billion dollar to the Riksbank
(Thomson Reuters ONE) -
Kingdom of Sweden issues EUR 1 billion in a new three-year benchmark to a yield
of 0.353 per cent. The bond will finance an on-lending to the Riksbank which
will replace maturing loans.
- This was Sweden's last foreign currency bond issue in public markets this
year. Moreover, it was priced through all Eurozone sovereigns apart from
Germany, says Maria Norström, Head of Funding.
Bond borrowing in foreign currency 2013
Sweden this year so far has issued foreign currency bonds equivalent to
approximately SEK 140 billion via public issues, including today's deal
equivalent to SEK 9 billion. Bond borrowing in foreign currency is estimated to
SEK 60 billion in 2014.
Distribution by geography and type
Central banks bought 61 per cent of the transaction. Fund managers represented
16 per cent while the balance went to pension funds and banks.
Around 48 per cent of the bond was sold to European investors outside the Nordic
region, 21 per cent to the Middle East and Africa and 17 per cent to Nordic
region. The balance was placed in Asia and in the Americas.
+---------------------------------------------------------------------------+
| Terms and conditions |
+------------------------------+--------------------------------------------+
| Issuer | Kingdom of Sweden |
+------------------------------+--------------------------------------------+
| Size | EUR 1 billion |
+------------------------------+--------------------------------------------+
| Coupon | 0.250 % |
+------------------------------+--------------------------------------------+
| Maturity date | 27 November 2016 |
+------------------------------+--------------------------------------------+
| Price | 99.693 % |
+------------------------------+--------------------------------------------+
| Yield | 0.353 % |
+------------------------------+--------------------------------------------+
| Spread versus Euro mid swaps | minus 28 basis points |
+------------------------------+--------------------------------------------+
| Spread versus benchmark | 12 basis points |
+------------------------------+--------------------------------------------+
| Lead managers | Barclays, Crédit Agricole CIB, Danske Bank |
+------------------------------+--------------------------------------------+
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#1744717]
Unternehmensinformation / Kurzprofil:
Datum: 20.11.2013 - 19:50 Uhr
Sprache: Deutsch
News-ID 318966
Anzahl Zeichen: 3652
contact information:
Town:
Stockholm
Kategorie:
Business News
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