Kingdom of Sweden issues a 5-year dollar benchmark
(Thomson Reuters ONE) -
Kingdom of Sweden issues USD 1.75 billion (approximately SEK 15 billion) in a
new five-year bond at a yield of 1.667 per cent. The proceeds will be used for
the central government.
The transaction was priced at mid-swaps minus four basis points. It is the first
five-year syndicated sovereign dollar benchmark to price through mid-swaps so
far this year.
- It was interesting and pleasant to see such broad distribution both
geographically and by type of investor, says Maria Norström, Head of Funding.
Terms and conditions
+-----------------------------+---------------------------+
| Issuer | Kingdom of Sweden |
+-----------------------------+---------------------------+
| Size | USD 1.75 billion |
+-----------------------------+---------------------------+
| Coupon | 1.625 % s.a. |
+-----------------------------+---------------------------+
| Maturity date | 24 Jan 2020 |
+-----------------------------+---------------------------+
| Price | 99.799 % |
+-----------------------------+---------------------------+
| Yield | 1.667 % s.a. |
+-----------------------------+---------------------------+
| Spread versus USD mid swaps | Minus 4 basis points |
+-----------------------------+---------------------------+
| Spread versus US benchmark | 12.1 basis points |
+-----------------------------+---------------------------+
| Lead managers | Barclays, Credit and HSBC |
+-----------------------------+---------------------------+
In 2015, the Debt Office plans to issue foreign currency bonds equivalent to SEK
93 billion. The volume includes refinancing of on-lending to the Riksbank
equivalent to SEK 53 billion. After today's transaction approximately SEK 31
billion remains.
Distribution by investor and region
For more information, please contact:
Anna Sjulander, Deputy Head of Funding, +46 8 613 47 77
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire 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 GlobeNewswire
[HUG#1904296]
Unternehmensinformation / Kurzprofil:
Datum: 17.03.2015 - 19:40 Uhr
Sprache: Deutsch
News-ID 379198
Anzahl Zeichen: 2865
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Stockholm
Kategorie:
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