By Cristal Cody
Tupelo, Miss., May 21 – Kommuninvest I Sverige AB (Aaa/AAA) sold $1.25 billion of 2.5% two-year notes on Tuesday at mid-swaps plus 6 basis points, or a spread of Treasuries plus 11.65 bps, according to a market source.
Initial talk was in the mid-swaps plus 6 bps area.
The deal was upsized from $1 billion.
Barclays, BNP Paribas Securities Corp., Citigroup Global Markets Inc. and Skandinaviska Enskilda Banken were the bookrunners for the Rule 144A and Regulation S offering.
Kommuninvest is an Orebro-based company that offers funding to municipalities of Sweden.
| Issuer: | Kommuninvest I Sverige AB
|
| Amount: | $1.25 billion
|
| Description: | Notes
|
| Maturity: | May 29, 2021
|
| Bookrunners: | Barclays, BNP Paribas Securities Corp., Citigroup Global Markets Inc. and Skandinaviska Enskilda Banken
|
| Coupon: | 2.5%
|
| Spread: | Mid-swap plus 6 bps, or Treasuries plus 11.65 bps
|
| Trade date: | May 21
|
| Settlement date: | May 29
|
| Ratings: | Moody’s: Aaa
|
| S&P: AAA
|
| Distribution: | Rule 144A and Regulation S
|
| Price talk: | Mid-swaps plus 6 bps area
|
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