New Issue: Kommuninvest prices $1 billion 0.5% notes due 2022 at mid-swaps plus 15 bps

By Cristal Cody

Tupelo, Miss., April 23 – Kommuninvest I Sverige AB (Aaa/AAA) priced $1 billion of 0.5% notes due Feb. 2, 2022 in a Rule 144A and Regulation S transaction on Thursday at mid-swaps plus 15 basis points, or a spread of Treasuries plus 33.35 bps, according to an informed source.

Initial price talk was in the mid-swaps plus 20 bps area with guidance tightened to mid-swaps plus 15 bps.

BofA Securities Inc., Barclays, SEB Securities, Inc. and TD Securities (USA) LLC were the bookrunners.

Kommuninvest is an Orebro-based company that offers funding to municipalities of Sweden.

Issuer:	Kommuninvest I Sverige AB
Amount:	$1 billion
Description:	Notes
Maturity:	Feb. 2, 2022
Bookrunners:	BofA Securities Inc., Barclays, SEB Securities, Inc. and TD Securities (USA) LLC
Coupon:	0.5%
Spread:	Mid-swaps plus 15 bps, or Treasuries plus 33.35 bps
Trade date:	April 23
Ratings:	Moody’s: Aaa
	S&P: AAA
Distribution:	Rule 144A and Regulation S
Price talk:	Mid-swaps plus 15 bps; initial talk at mid-swaps plus 20 bps area

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