2012-02-14 10:55:11 -

The Kingdom of Sweden issues EUR 1.5 billion euro (approximately SEK 13 billion)
in a new three-year benchmark. The loan is part of the on-lending program to the
Riksbank.  The yield is the lowest ever syndicated three year euro deal.

The deal was oversubscribed already within an hour of books opening. The final
book size was over EUR 2.8 billion and bids from over 80 investors.

- Once again we seem have to enjoyed the flight to quality, allowing us to price
at very attractive levels compared to other sovereigns and swaps.  I was
surprised to see such a strong demand on a day like this with slow turnover,
says Maria Norström, Head of Funding.

Central banks bought 56 per cent of the issue. Asset managers and corporates
bought 19   and 14 per cent respectively. The balance was bought by banks,
pension- and insurance companies. Over 50 per cent of the bond was sold to
European investors outside the Nordic area and 27 per cent to Africa and Middle
East. The remainder went to Asia, the Nordics and the Americas.

The lead managers agree that the demand for Swedish government securities
continues to be strong:

- This transaction represents the tightest ever pricing for a three year
syndicated Euro SSA transaction, reflecting Sweden's safe haven sovereign
status. The speed of book building was all the more impressive as Bunds sold off
on the positive developments from Greece.

Terms and conditions

 Issuer                           Kingdom of Sweden

 Size                             EUR 1.5 billion

 Coupon                           0.625 %

 Maturity                         20 February, 2015

 Price                            99.704 %

 Yield                            0.725 %

 Spread versus Benchmark          Plus 28 basis points

 Spread versus Euro mid swaps     Minus 54 basis points

 Lead managers                    Barclays Capital, Citigroup and J.P. Morgan



For more information, please contact:

Maria Norström, Head of Funding, +46 8 613 46 35









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Source: Riksgälden via Thomson Reuters ONE

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