New Issue: Kommuninvest sells $1 billion 4.75% three-year notes at SOFR mid-swaps plus 39 bps

By Cristal Cody

Chicago, Oct. 20 – Kommuninvest I Sverige AB priced $1 billion of 4.75% notes with a three-year tenor on Wednesday, according to a market source.

The notes priced at SOFR mid-swaps plus 39 basis points, or Treasuries plus 22.95 bps. Price talk was in the SOFR mid-swaps plus 41 bps area. Guidance was unchanged from talk.

Barclays, Credit Agricole CIB, Danske and Nomura are bookrunners for the Rule 144A and Regulation S offering.

Kommuninvest offers funding to municipalities in Sweden.

Issuer:	Kommuninvest I Sverige AB
Amount:	$1 billion
Issue:	Notes
Maturity:	Oct. 22, 2025
Bookrunners:	Barclays, Credit Agricole CIB, Danske and Nomura
Coupon:	4.75%
Spread:	SOFR mid-swaps plus 39 bps, or Treasuries plus 22.95 bps
Trade date:	Oct. 19
Distribution:	Rule 144A and Regulation S
Price talk:	SOFR mid-swaps plus 41 bps area

© 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.