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2016-08-31

Riksgälden: Sweden raises USD 2 billion in five-year bond at 1.37 %

Kingdom of Sweden raised USD 2 billion (approximately SEK 17 billion) in a new
five-year benchmark at a yield of 1.37 per cent. The proceeds will be used to
refinance loans to the Riksbank.

The transaction was priced at mid-swaps plus 17 basis points. That is the
lowest spread this year for a five-year transaction of this size among
comparable issuers. More than 40 investors took part with the total bid
volume exceeding USD 2 billion.

- Market conditions were favourable and the orderbook grew rapidly. We are
pleased to see that the bond was placed with several investor types around
the world, says Maria Norström, Head of Funding at the Swedish National Debt
Office.

Terms and conditions-----------------------------------------------------
| Issuer Kingdom of Sweden |
| Size USD 2 billion |
| Coupon 1.25 % s.a. |
| Maturity date 8 September 2021 |
| Price 99.422 % |
| Yield 1.37 % s.a. |
| Spread versus USD mid swaps 17 basis points |
| Spread versus US benchmark 20 basis points |
| Lead managers Barclays, Citi, HSBC |
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The Debt Office plans to sell foreign-currency bonds for a total of SEK 59
billion in 2016. After today's transaction, which was the second one this
year, SEK 25 billion of the total remains. All of the planned funding in
foreign-currency bonds this year is made to refinance maturing loans to the
Riksbank.

Distribution by investor

Distribution by region

ContactJohan Bergström, Funding Manager, +46 (0)8 613 45 68

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This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Riksgälden via Globenewswire

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