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Kingdom of Sweden lends EUR 1.5 billion to the Riksbank
Press release 5 February 2015
Kingdom of Sweden issues EUR 1.5 billion (approximately SEK 14 billion) in a new five-year bond at a yield of 0.076 per cent. The proceeds will be used to refinance maturing on-lending to the Riksbank.
The order book was quickly oversubscribed with a volume exceeding EUR 3.6 billion. Over 60 investors primarily from Europe and Asia took part in the deal. The transaction was priced at mid-swaps minus 24 basis points and has the lowest-ever coupon for a sovereign syndication in EUR.
|
Issuer |
Kingdom of Sweden |
|
Size |
EUR 1.5 billion |
|
Coupon |
0.050 % p.a. |
|
Maturity date |
12 Feb 2020 |
|
Price |
99.870 % |
|
Yield |
0.076 % p.a. |
|
Spread versus EUR mid swaps |
Minus 24 basis points |
|
Spread versus EUR benchmark |
10.8 basis points |
|
Lead managers |
Danske Bank, Deutsche Bank och Goldman Sachs International |
In 2015, the Debt Office plans to issue foreign currency bonds equivalent to SEK 97 billion. The volume includes refinancing of on-lending to the Riksbank equivalent to SEK 57 billion. The balance after today’s issue is around SEK 63 billion.
Distribution by investor and region
For more information, please contact:
Anna Sjulander, Deputy Head of Funding, +46 8 613 47 77