By Emese Bartha
Sweden on Wednesday sold 10 billion crowns ($ 1.20 billion) in a new 50-year government bond through a banking syndicate, the National Debt Office said.
The issue of the 1.375% bond dated June 2071 attracted demand for more than SEK 52 billion, he said. The bond was listed at 99.605, yielding 1.386%. The reoffer yield is 45 basis points higher than that of the 0.50% November 2045 bond, the longest-maturing Swedish government bond before the current transaction.
“With Sweden’s strong public finances as a foundation, we have once again shown that we can attract a large investor base,” said Johan Bergstrom, interim finance manager at NDO.
The NDO said 29% of the issuance was allocated to fund managers, followed by 27% to insurance and pension companies, 18% to hedge funds, 17% to central banks and public institutions and 9% to banks. . The geographic breakdown shows that 39% of the issue was taken by investors based in Sweden, followed by 20% in the UK, 15% in other Nordic countries, 14% in Asia and the Middle East, while that the rest of Europe bought 12%.
The transaction leaders were Barclays, Danske Markets, Handelsbanken, Natwest Markets, Nordea, SEB and Swedbank.
Write to Emese Bartha at [email protected]