By Andrea Heisinger
New York, March 21- Swedbank AB priced $1 billion of 1.375% three-year notes (Aaa/AAA/) at mid-swaps plus 46 basis points, or Treasuries plus 64.65 bps, a market source said Thursday.
The notes priced at 99.707 to yield 1.436%.
BofA Merrill Lynch, Barclays, Deutsche Bank Securities Inc. and J.P. Morgan Securities LLC were bookrunners for the Rule 144A and Regulation S sale.
Swedbank was last in the U.S. bond market with a $1 billion sale of five-year notes on Sept. 24, 2012.
The financial services company is based in Stockholm.
| Issuer: | Swedbank AB
|
| Issue: | Notes
|
| Amount: | $1 billion
|
| Maturity: | March 28, 2016
|
| Bookrunners: | BofA Merrill Lynch, Barclays, Deutsche Bank Securities Inc., J.P. Morgan Securities LLC
|
| Coupon: | 1.375%
|
| Price: | 99.707
|
| Yield | 1.436%
|
| Spread: | Mid-swaps plus 46 bps, Treasuries plus 64.65 bps
|
| Distribution: | Rule 144A, Regulation S
|
| Trade date: | March 21
|
| Settlement date: | March 28
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
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