UK markets close in 7 hours 3 minutes
  • FTSE 100

    5,823.23
    -65.99 (-1.12%)
     
  • FTSE 250

    17,822.45
    -106.75 (-0.60%)
     
  • AIM

    972.14
    -0.80 (-0.08%)
     
  • GBP/EUR

    1.1002
    +0.0058 (+0.53%)
     
  • GBP/USD

    1.3046
    +0.0099 (+0.76%)
     
  • BTC-GBP

    9,326.58
    +792.23 (+9.28%)
     
  • CMC Crypto 200

    244.61
    +5.70 (+2.38%)
     
  • S&P 500

    3,443.12
    +16.20 (+0.47%)
     
  • DOW

    28,308.79
    +113.37 (+0.40%)
     
  • CRUDE OIL

    41.13
    -0.57 (-1.37%)
     
  • GOLD FUTURES

    1,926.00
    +10.60 (+0.55%)
     
  • NIKKEI 225

    23,639.46
    +72.42 (+0.31%)
     
  • HANG SENG

    24,754.42
    +184.88 (+0.75%)
     
  • DAX

    12,641.42
    -95.53 (-0.75%)
     
  • CAC 40

    4,887.99
    -41.29 (-0.84%)
     

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

Riksgälden
·1-min read

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