By Emese Bartha


Sweden sold 10 billion kronor ($1.20 billion) in a new 50-year government bond via a bank syndicate on Wednesday, the National Debt Office said.

The issue of the 1.375% June 2071-dated bond attracted demand in excess of SEK52 billion, it said. The bond was priced at 99.605, at a yield of 1.386%. The reoffer yield is 45 basis points above that of the 0.50% November 2045 bond, the longest-dated Swedish government bond prior to the current transaction.

"With Sweden's strong state finances as a foundation, we have again shown that we can attract a broad investor base," Johan Bergstrom, acting head of funding at the NDO, said.

The NDO said 29% of the issue was allocated to fund managers, followed by 27% to insurance and pension companies, 18% was allocated to hedge funds, 17% to central banks and public institutions, and 9% to banks. The geographical distribution shows that 39% of the issue was taken by Sweden-based investors, followed by 20% to the U.K., 15% to other Nordics, 14% to Asia and Middle East, while the rest of Europe bought 12%.

Lead managers of the transaction were Barclays, Danske Markets, Handelsbanken, Natwest Markets, Nordea, SEB and Swedbank.


Write to Emese Bartha at


(END) Dow Jones Newswires

June 16, 2021 13:09 ET (17:09 GMT)

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