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Sweden raises USD 2.5 billion at 0.242 % in two-year bond sale
Press release 6 October 2020
Kingdom of Sweden today raised USD 2.5 billion (approximately SEK 22.2 billion) at a yield of 0.242 per cent issuing a two-year benchmark. The bond sale is part of the Debt Office’s funding plan and the proceeds will be used to refinance loans to the Riksbank.
The bid volume reached USD 4.7 billion with more than 70 investors taking part. Final pricing was fixed at 1 basis point above USD Mid swaps and 10 basis points above the corresponding US benchmark.
Our loan was met by significant demand, mainly from Central Banks. The large orderbook enabled pricing the loan at favorable terms, says Acting Head of Funding Johan Bergström.
|
Issuer |
Kingdom of Sweden |
|
Size |
USD 2.5 billions |
|
Coupon |
0.125 % s.a. |
|
Maturity date |
2022-10-14 |
|
Price |
99.767 % |
|
Yield |
0.242 % |
|
Spread versus USD mid swaps |
1 basis point |
|
Spread versus US benchmark |
10 basis points |
|
Lead managers |
Credit Agricole CIB / J.P. Morgan / Nordea |
|
Bank/Bank Treasury |
7 % |
|
Centralbank/Official institutions |
84 % |
|
Others |
9 % |
|
Americas |
14.4 % |
|
Asia |
48.4 % |
|
EMEA |
37.2 % |
Contact
Johan Bergström, Acting Head of Funding, +46 8 613 45 68
Press inquiries
The Debt Office's operations shall be characterized by an openness to the public and the media. The right of access to official business is a cornerstone of Swedish democracy.
Our press officer helps you get in touch with the right person so that you can get your questions answered quickly and easily. He can also provide you with material, answer comprehensive questions about our business and upcoming publications.
Mats Lilja, press officer
Press phone: +46(0)8-613 47 01 (mainly office hours), mobile +46(0)721-561 527
E-mail: Mats Lilja