By Cristal Cody
Chicago, June 22 – Kommuninvest I Sverige AB sold $1 billion of 3.25% notes due 2024 as Wednesday business, according to information from a market source.
The notes were marked as no-grow when the offer launched.
Spread pricing came at 11 basis points over SOFR mid-swaps, or at Treasuries plus 26.1 bps.
Citigroup, JPMorgan and TD Bank are working as bookrunners on the Rule 144A and Regulation S transaction.
Kommuninvest offers funding to municipalities in Sweden.
| Issuer: | Kommuninvest I Sverige AB
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| Amount: | $1 billion
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| Issue: | Notes
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| Maturity: | Jan. 16, 2024
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| Bookrunners: | Citigroup, JPMorgan and TD Bank
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| Coupon: | 3.25%
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| Spread: | SOFR mid-swaps plus 11 bps, or Treasuries plus 26.1 bps
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| Trade date: | June 22, 2022
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| Distribution: | Rule 144A and Regulation S
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