By Cristal Cody
Chicago, Sept. 9 – Kommuninvest I Sverige AB sold $1 billion of four-year notes on Wednesday with a 0.625% coupon, according to a market source.
The notes priced with a spread of mid-swaps minus 1 basis point, on top of launch talk.
Talk had tightened from where it was initially in the mid-swaps plus 2 bps area and later guidance of mid-swaps flat.
Citigroup, Credit Agricole, JPMorgan and SEB managed the sale of the Rule 144A notes.
The company offers funding to municipalities in Sweden.
| Issuer: | Kommuninvest I Sverige AB
|
| Issue: | Notes
|
| Amount: | $1 billion
|
| Maturity: | Sept. 15, 2025
|
| Bookrunners: | Citigroup, Credit Agricole, JPMorgan and SEB
|
| Coupon: | 0.625%
|
| Spread: | Mid-swaps minus 1 bp, or Treasuries plus 29.8 bps
|
| Trade date: | Sept. 8
|
| Distribution: | Rule 144A
|
| Price talk: | Mid-swaps minus 1 bp; guidance of mid-swaps flat; initial price talk of mid-swaps plus 2 bps
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
