Riksgälden: Sweden raises EUR 2 billion in sale of three-year bond


10 juni, 16:27

The Kingdom of Sweden has raised EUR 2 billion (approximately SEK 21.8 billion) selling a new three-year bond. The transaction is part of the Swedish National Debt Office’s communicated funding plan.

The bid volume was EUR 8.2 billion with 81 investors participating. The final pricing was fixed at 2.837 per cent, which is 5 basis points below the euro mid-swap rate and 12.2 basis points above the German benchmark three-year bond.

“Issuing foreign-currency bonds enables us to reach new investors beyond our domestic market, which this transaction confirms. The strong book building also meant that we could borrow at favourable terms,” says Johan Bergström, Head of Funding at the Debt Office.

Today’s transaction is included in the Debt Office’s current funding plan, which was published on 28 May 2026. The issuance of foreign-currency bonds does not generate any foreign-currency exposure in Sweden’s central government debt, as the Debt Office uses derivatives to hedge currency risks.

Terms and conditions

Details
Outcome
Issuer
Kingdom of Sweden
Size
EUR 2 billion
Coupon
2.75 %
Maturity date
2029-06-18
Price
99.753 %
Yield
2.837 %
Spread versus euro mid swaps
-5 basis points
Spread versus German benchmark
12.2 basis points
Lead managers
BNP Paribas, Danske Bank, SEB and Swedbank

Distribution by investor category

Investor category
Share of allocated volume
Central Banks/Official institutions
36 %
Asset Managers/Fund Managers
23 %
Banks
23 %
Insurance/Pension funds
13 %
Hedge funds
5 %

Distribution by region

Region
Share of allocated volume
Nordic region
39 %
Rest of Europe
38 %
UK
21 %
Asia/Middle East
2 %

Contact
Johan Bergström, Head of Funding, +46 8 613 45 68
Sofia Björk, Funding Manager, +46 8 613 52 74

Contacts

Press contact +46 8 613 47 01, press@riksgalden.se

About the Swedish National Debt Office

The Swedish National Debt Office is the central government financial manager. We secure Sweden’s economy and ensure that the financial system remains stable.

www.riksgalden.se

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