Sweden raises USD 2.75 billion in two-year bond at 1.525 %
(Thomson Reuters ONE) -
Kingdom of Sweden raised USD 2.75 billion (approximately SEK 23 billion) in an
issue of two-year bonds at a yield of 1.525 per cent. The proceeds will be used
to refinance loans to the Riksbank.
The yield in the transaction is 6 basis points below mid-swaps. The total bid
volume exceeded USD 3.75 billion with 66 investors taking part.
- We saw an attractive opportunity and it was positive to see such strong
demand, says Anna Sjulander, Deputy Head of Funding at the Swedish National Debt
Office.
Terms and conditions
+-----------------------------+-------------------------------------------+
| Issuer | Kingdom of Sweden |
+-----------------------------+-------------------------------------------+
| Size | USD 2.75 billion |
+-----------------------------+-------------------------------------------+
| Coupon | 1.5 % s.a. |
+-----------------------------+-------------------------------------------+
| Maturity date | 25 July 2019 |
+-----------------------------+-------------------------------------------+
| Price | 99.951 % |
+-----------------------------+-------------------------------------------+
| Yield | 1.525 % s.a. |
+-----------------------------+-------------------------------------------+
| Spread versus USD mid swaps | Minus 6 basis points |
+-----------------------------+-------------------------------------------+
| Spread versus US benchmark | 17.3 basis points |
+-----------------------------+-------------------------------------------+
| Lead managers | Goldman Sachs International, HSBC, Nordea |
+-----------------------------+-------------------------------------------+
Including today's issue the Debt Office has borrowed the equivalent of 40 SEK
billion in foreign currency bonds this year. Another SEK 28 billion will be
issued during the rest of the year, according to the latest borrowing plan that
was published in June. All of this year's borrowing in foreign currency bonds is
used to refinance loans to the Riksbank. Next year, the Debt Office assumes that
the refinancing of the Riksbank loans will cease, in accordance with a
Government proposal. The Debt Office then plans to issue SEK 17 billion in
foreign-currency bonds on its own behalf, to retain a presence in the
international capital market.
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Contact
Johan Bergström, Funding manager, +46 (0)8 613 45 68
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: 18.07.2017 - 19:15 Uhr
Sprache: Deutsch
News-ID 552839
Anzahl Zeichen: 3459
contact information:
Town:
Stockholm
Kategorie:
Business News
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