Kingdom of Sweden issues 3-year dollar benchmark
(Thomson Reuters ONE) -
Kingdom of Sweden issues USD 2.25 billion (approximately SEK 19 billion) in a
new three-year bond at a yield of 1.136 per cent. The proceeds will be used to
refinance maturing on-lending to the Riksbank.
The transaction was priced at mid-swaps minus 10 basis points, which is the
lowest level for the Kingdom of Sweden in a 3-year dollar bond since 2012. Over
50 investors took part in the deal with bids totalling USD 3.3 billion.
- Despite volatile fixed-income and FX markets, demand from investors was
significant, says Maria Norström, Head of Funding at the Swedish National Debt
Office.
Terms and conditions
+-----------------------------+-------------------------+
| Issuer | Kingdom of Sweden |
+-----------------------------+-------------------------+
| Size | USD 2.25 billion |
+-----------------------------+-------------------------+
| Coupon | 1.125 % s.a. |
+-----------------------------+-------------------------+
| Maturity date | 15 May 2018 |
+-----------------------------+-------------------------+
| Price | 99.968 % |
+-----------------------------+-------------------------+
| Yield | 1.136 % s.a. |
+-----------------------------+-------------------------+
| Spread versus USD mid swaps | -10 basis points |
+-----------------------------+-------------------------+
| Spread versus US benchmark | 14.5 basis points |
+-----------------------------+-------------------------+
| Lead managers | Citigroup, HSBC, Nordea |
+-----------------------------+-------------------------+
In the latest forecast from February, the Debt Office planned for total
borrowing in foreign-currency bonds of SEK 93 billion in 2015. After today's
transaction approximately SEK 10 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#1919444]
Unternehmensinformation / Kurzprofil:
Datum: 06.05.2015 - 17:30 Uhr
Sprache: Deutsch
News-ID 391484
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