By Cristal Cody
Chicago, May 19 – Kommuninvest I Sverige AB sold a $1 billion offering of notes due Sept. 15, 2023 that priced with a 0.25% coupon for a spread of 1 basis point over mid-swaps, a market source reported.
The notes came on top of both final talk and initial talk, which had the notes coming in the mid-swaps plus 1 bp area. Alternatively, the notes priced with a spread of 15.5 bps over Treasuries.
Barclays, BNP Paribas, Deutsche Bank and Nomura managed the sale.
The company offers funding to municipalities in Sweden.
Issuer: | Kommuninvest I Sverige AB
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Issue: | Notes
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Amount: | $1 billion
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Maturity: | Sept. 15, 2023
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Bookrunners: | Barclays, BNP Paribas, Deutsche Bank and Nomura
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Coupon: | 0.25%
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Spread: | Mid-swaps plus 1 bp. Or Treasuries plus 15.5 bps
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Trade date: | May 19
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Price talk: | Launched at mid-swaps plus 1 bp; initial price talk mid-swaps plus 1 bp area
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