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Sweden begins to tackle foreign currency funding needs
Posted on: 25 Jan 2013  |   Tags: ,

Sweden mandated banks for a five-year euro bond on Thursday, as the country gets started on plans to strengthen its foreign currency reserves. Opulentus SwedenThe Kingdom, rated Aaa/AAA/AAA, hired Danske Bank, Goldman Sachs International, JP Morgan and Royal Bank of Scotland as joint lead managers for the planned bond issue, just days after its central bank ordered the debt office to raise an extra SEK100bn (US$15.4 billion) in international capital markets in 2013. Guidance on the new bond has been set at mid-swaps minus 18-20bp, banks managing the deal said. Source: http://www.businesstimes.com.sg/breaking-news/world/sweden-begins-tackle-foreign-currency-funding-needs-20130125

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