Sweden raises USD 2 billion in a three-year bond at 1.742 %
(Thomson Reuters ONE) -
Kingdom of Sweden raised USD 2 billion (approximately SEK 18 billion) in a new
three-year benchmark at a yield of 1.742 per cent. The proceeds will be used to
refinance loans to the Riksbank.
The transaction was priced at mid-swaps minus 6 basis points, which is the
tightest spread of any benchmark USD transaction in 2017 year to date. A total
of 56 investors took part with the bid volume exceeding USD 3.4 billion.
- It was positive to see such strong demand considering our six months' absence
from the dollar market, says Maria Norström, Head of Funding at the Swedish
National Debt Office.
Terms and conditions
+-----------------------------+--------------------------------------+
| Issuer | Kingdom of Sweden |
+-----------------------------+--------------------------------------+
| Size | USD 2 billion |
+-----------------------------+--------------------------------------+
| Coupon | 1.625 % s.a. |
+-----------------------------+--------------------------------------+
| Maturity date | 6 April 2020 |
+-----------------------------+--------------------------------------+
| Price | 99.659 % |
+-----------------------------+--------------------------------------+
| Yield | 1.742 % s.a. |
+-----------------------------+--------------------------------------+
| Spread versus USD mid swaps | Minus 6 basis points |
+-----------------------------+--------------------------------------+
| Spread versus US benchmark | 21.95 basis points |
+-----------------------------+--------------------------------------+
| Lead managers | Barclays, Citigroup, NatWest Markets |
+-----------------------------+--------------------------------------+
Since the Debt Office released its latest issuance plan in February, the
Ministry of Finance has published a proposal on the Riksbank's financial
independence. Should the proposal be approved by the Riksdag, the Debt Office's
foreign currency funding would be affected. The Debt Office will release a new
issuance plan in June 2017.
Distribution by investor
Distribution by region
Contact
Anna Sjulander, Deputy Head of Funding, +46 (0)8 613 47 77
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Riksgälden via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 29.03.2017 - 19:25 Uhr
Sprache: Deutsch
News-ID 533243
Anzahl Zeichen: 3127
contact information:
Town:
Stockholm
Kategorie:
Business News
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