By Cristal Cody
Chicago, Nov. 18 – Kommuninvest I Sverige AB sold $1 billion of 0.5% notes due July 5, 2023 on Thursday, according to a market source.
The Rule 144A and Regulation S offering priced with a spread of 6 basis points over mid-swaps, or 3.7 bps over Treasuries.
The notes were launched at mid-swaps minus 6 bps and initial price talk was in the mid-swaps minus 5 bps area.
Barclays, Danske, Goldman Sachs and TD Securities are the bookrunners.
The issuer offers funding to municipalities in Sweden.
| Issuer: | Kommuninvest I Sverige AB
|
| Issue: | Notes
|
| Amount: | $1 billion
|
| Maturity: | July 5, 2023
|
| Bookrunners: | Barclays, Danske, Goldman Sachs and TD Securities
|
| Coupon: | 0.5%
|
| Spread: | Mid-swaps plus 6 bps, or Treasuries plus 3.7 bps
|
| Trade date: | Nov. 18
|
| Distribution: | Rule 144A and Regulation S
|
| Price talk: | Launch at mid-swaps plus 6 bps; initial price talk in mid-swaps plus 5 bps area
|
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