By Aleesia Forni
Virginia Beach, March 18 - The Kingdom of Sweden sold $2 billion 0.75% three-year notes on Wednesday with a spread of mid-swaps minus 3 basis points, according to a news release.
The notes priced at 99.64 to yield 0.87%, or Treasuries plus 10.35 bps.
Citigroup Global Markets Inc., Credit Suisse and Nordea were the bookrunners.
The final book for the deal was $3.25 billion.
Central banks bought 75% of the deal. Banks bought 12%, while the balance went to asset managers and others.
Investors in Asia bought around 48% of the bond, while 19% was sold to Europe and 17% was sold to the Middle East and Africa. The balance was sold to North American investors.
| Issuer: | Kingdom of Sweden
|
| Amount: | $2 billion
|
| Maturity: | April 12, 2017
|
| Securities: | Notes
|
| Bookrunners: | Citigroup Global Markets Inc., Credit Suisse, Nordea
|
| Coupon: | 0.75%
|
| Price: | 99.64
|
| Yield: | 0.87%
|
| Spread over Treasuries: | 10.35 bps over Treasuries; 3 bps under mid-swaps
|
| Trade date: | March 18
|
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