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