By Cristal Cody
Chicago, April 26 – Kommuninvest I Sverige AB sold $1 billion of 2.75% three-year bonds on Tuesday, according to information from a market source and a press release.
The notes priced with a spread of 25 basis points above the swap rate and 16.98 bps over Treasuries.
A market source noted that spread talk was in the 37 bps area over SOFR mid-swaps on Tuesday morning.
The order book from more than 50 investors was over $2 billion.
Citigroup, Credit Agricole CIB, SEB and TD Securities are the bookrunners of the Rule 144A and Regulation S deal.
The company offers funding to municipalities in Sweden. This was the company’s second dollar-denominated bond in 2022.
| Issuer: | Kommuninvest I Sverige AB
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| Amount: | $1 billion
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| Issue: | Bonds
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| Maturity: | March 1, 2025
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| Bookrunners: | Citigroup, Credit Agricole CIB, SEB and TD Securities
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| Coupon: | 2.75%
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| Spread: | SOFR mid-swaps plus 25 bps, or Treasuries plus 16.98 bps
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| Trade date: | April 26
|
| Distribution: | Rule 144A and Regulation S
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| Price talk: | SOFR mid-swaps plus 37 bps area
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