By Andrea Heisinger
New York, May 26 - The Kingdom of Sweden sold $1.5 billion of 1% three-year bonds on Thursday at a spread of mid-swaps minus 10 basis points, according to a press release.
The Rule 144A bonds (Aaa/AAA/) were sold at 99.77 to yield 1.078%. They are non-callable.
It was the second dollar-denominated bond of the year for the issuer, and there was about $2.3 billion in demand from investors, according to the release.
Bookrunners were Deutsche Bank Securities Inc. and RBS Securities Inc.
Proceeds are being used to refinance dollar bonds in foreign currency that was lent to the Riksbank.
The issuer is based in Stockholm.
| Issuer: | Kingdom of Sweden
|
| Issue: | Bonds
|
| Amount: | $1.5 billion
|
| Maturity: | June 3, 2014
|
| Bookrunners: | Deutsche Bank Securities Inc., RBS Securities Inc.
|
| Coupon: | 1%
|
| Price: | 99.77
|
| Yield: | 1.078%
|
| Spread: | Mid-swaps minus 10 bps
|
| Call: | Non-callable
|
| Distribution: | Rule 144A
|
| Trade date: | May 26
|
| Settlement date: | June 3
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
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