Kingdom of Sweden lends 1 billion dollar to the Riksbank

Press release 21 March 2013

Kingdom of Sweden issues USD 1 billion (approximately SEK 6.5 billion) in a new three-year benchmark to a yield of 0.486 per cent. The proceeds are part of the rollover of earlier on-lending to the Riksbank.

The deal was oversubscribed and the final book size exceeded USD 1.2 billion.

–Today's deal once again shows that Sweden can borrow on very favorable terms compared to other major sovereigns in the euro area, says Maria Norström, Head of Funding.

Of the total funding requirement of foreign currency bonds equivalent of SEK 137 billion, SEK 73 billion have now been covered. SEK 64 billion of bond issuance remains. The refunding concerns earlier on-lending to the Riksbank.

Central banks bought 65 per cent of the deal. Banks represented 19 per cent while the balance went to asset managers and private banks. Around 30 per cent of the bond was sold to Asian investors, 9 per cent to the Nordic region and 25 per cent to other European countries. The remainder was placed in the Middle East and in the Americas.

For more information, please contact:
Anna Sjulander, Deputy Head of Funding, +46 8 613 47 77