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
