New Issue: Kommuninvest prices $1 billion 2.375% three-year notes at mid-swaps plus 4 bps

By Cristal Cody

Tupelo, Miss., Jan. 17 – Kommuninvest I Sverige AB (Aaa/AAA) priced $1 billion of 2.375% long three-year notes in a Rule 144A and Regulation S offering on Wednesday at a spread of mid-swaps plus 4 basis points, according to a market source.

The notes were initially talked to price in the mid-swaps plus 6 bps area.

Citigroup Global Markets Inc., Nomura Securities International Inc., Nordea Bank AB and TD Securities (USA) LLC were the bookrunners.

Kommuninvest is an Orebro-based company that offers funding to municipalities of Sweden.

Issuer:	Kommuninvest I Sverige AB
Amount:	$1 billion
Description:	Notes
Maturity:	April 22, 2021
Bookrunners:	Citigroup Global Markets Inc., Nomura Securities International Inc., Nordea Bank AB and TD Securities (USA) LLC
Coupon:	2.375%
Spread:	Mid-swap plus 4 bps, or Treasuries plus 24.35 bps
Trade date:	Jan. 17
Ratings:	Moody’s: Aaa
	S&P: AAA
Distribution:	Rule 144A, Regulation S
Price talk:	Mid-swaps plus 6 bps area

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