By Aleesia Forni
Virginia Beach, Jan. 20 – Kommuninvest i Sverige AB priced $1.25 billion of 1% three-year notes (Aaa/AAA/) at mid-swaps plus 3 basis points on Wednesday, an informed source said.
The notes priced at 99.829 to yield 1.058%.
Price talk was set in the mid-swaps plus 4 bps area.
BNP Paribas Securities Corp., Citigroup Global Markets Inc., Deutsche Bank Securities Inc. and Nordea were the bookrunners for the Rule 144A and Regulation S deal.
Kommuninvest offers funding to municipalities of Sweden and is based in Orebro.
| Issuer: | Kommuninvest I Sverige AB
|
| Amount: | $1.25 billion
|
| Description: | Notes
|
| Maturity: | Jan. 29, 2018
|
| Bookrunners: | BNP Paribas Securities Corp., Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Nordea
|
| Coupon: | 1%
|
| Price: | 99.829
|
| Yield: | 1.058%
|
| Spread: | Mid-swaps plus 3 bps, Treasuries plus 24.4 bps
|
| Trade date: | Jan. 21
|
| Settlement date: | Jan. 29
|
| Ratings: | Moody’s: Aaa
|
| Standard & Poor’s: AAA
|
| Distribution: | Rule 144A, Regulation S
|
| Price talk: | Mid-swaps plus 4 bps area
|
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