Sweden raises USD 2.5 billion at 0.242 % in two-year bond sale

Sweden raises USD 2.5 billion at 0.242 % in two-year bond sale

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.

Terms and conditions

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

Distribution by investor type

Bank/Bank Treasury	7 %
Centralbank/Official institutions	84 %
Others	9 %

Distribution by region

Americas	14.4 %
Asia	48.4 %
EMEA	37.2 %

Contact

Johan Bergström, Acting Head of Funding, +46 8 613 45 68

Press Secretary, +46 8 613 47 01