Commentary & Deal Flow

Books above €7.5bn (incl. €100m JLM interest)

Launched: 3yr: €2bn @ MS-5bp - Books above €7.5bn (incl. €100m JLM interest)
Guidance: 3yr: MS-3a

• Issuer: Kingdom of Sweden
• LEI: ERE94C0BSULG2RM19605
• Issuer Ticker: SWED Govt
• Issuer Rating: Aaa/AAA/AAA/AAA (Moody’s/S&P/Fitch/Scope)
• Format: Senior Unsecured, Reg S, Registered
• Size: €2bn
• Reference Benchmark: HR 106% vs OBL #189 2.1 12-Apr-29 TWIN (DE000BU25026)
• Hedge Deadline: 12:00 UK / 13:00 CET
• Trade Date: 10-Jun-26
• Settlement Date: 18-Jun-26 (T+6)
• Maturity Date: 18-Jun-29 (3-years)
• Coupon: Fixed (FXD), Annual, ACT/ACT
• Documentation: US$ 50,000,000,000 Programme for the Issuance of Debt Instruments dated 28-Sep-23
• Selling Restrictions: As per US$ 50,000,000,000 Programme for the Issuance of Debt Instruments
• Governing Law: English
• Listing: London Stock Exchange
• Denominations: €100,000 + €1,000
• JLMs: BNP Paribas (DM/B&D), Danske Bank, SEB and Swedbank
• Target Market: Manufacturer target market (MIFID II / MIFIR product governance) is eligible counterparties and professional clients only (all distribution channels). No EEA PRIIPs key information document (KID) or disclosure document required by the FCA Product Disclosure Sourcebook (DISC) has been prepared as not deemed within scope/not available to retail in EEA or in the UK
• ISIN: XS3408819749
• Timing: Books open, today’s business
• Advertisement: https://www.riksgalden.se/contentassets/0ec2daef1268405986b39c6891f3c5c0/central-government-borrowing-2025-2.pdf