Alecta Supports Inaugural Sweden Green Bond

Posted on 09/02/2020


Sweden’s pension investor Alecta kicked in 4.25 billion SEK into the Swedish state’s first green bond issue. Alecta has around 50 billion SEK allocated to environment-tagged debt. Swedish bank SEB was the joint lead manager for the 20 billion SEK sovereign bond issue. 45.6% of the green bond issue went to pension funds. According to Riksgalden, Swedish investors made up 61.5% of the offering.

Statistics
Issuer: Kingdom of Sweden
Size: SEK 20 billion
Coupon: 0.125%
Maturity date: 9 September 2030
Re-offer price: 100.348
Re-offer yield: 0.09%
Lead managers: Barclays, Danske Bank, NatWest Markets, SEB, and Swedbank

Distribution by region
Sweden, 61.5%
UK, 17.9%
EMEA, 8.4%
Other Nordics, 7.2%
Americas, 4.5%
Asia, 0.5%

Distribution by investor category
Pension funds, 45.6%
Asset managers, 32.9%
Insurance, 8.5%
Bank treasuries, 8.1%
Other, 4.9%

Source: Riksgalden.

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