Bond Kommuninvest Sverige 2.75% ( XS1839511737 ) in USD

Issuer Kommuninvest Sverige
Market price 100 %  ▼ 
Country  Sweden
ISIN code  XS1839511737 ( in USD )
Interest rate 2.75% per year ( payment 2 times a year)
Maturity 22/10/2020 - Bond has expired



Prospectus brochure of the bond Kommuninvest i Sverige XS1839511737 in USD 2.75%, expired


Minimal amount 200 000 USD
Total amount 2 500 000 000 USD
Detailed description Kommuninvest is a Swedish municipal financing company that provides loans and other financial services to Swedish municipalities and municipal-owned entities.

A review of the fixed-income landscape highlights the successful maturity and full redemption of the bond identified by ISIN XS1839511737, an obligation issued by Kommuninvest i Sverige, the Swedish local government debt office responsible for financing municipalities and regions within Sweden; this USD-denominated instrument, with an initial issuance size of $2.5 billion, carried an annual interest rate of 2.75% paid semi-annually, and reached its scheduled maturity on October 22, 2020, when it was fully repaid at par, demonstrating a standard and timely conclusion for investors in this particular debt offering.








The Issuer does not fall under the scope of application of the MiFID II package. Consequently, the
Issuer does not qualify as an "investment firm", "manufacturer" or "distributor" for the purposes of
MiFID II.
Solely for the purposes of each manufacturers product approval process, the target market
assessment in respect of the Notes has led to the conclusion that: (i) the target market for the Notes is
eligible counterparties and professional clients, each as defined in MiFID II; and (ii) all channels for
distribution of the Notes are appropriate, subject to the distributors suitability and appropriateness
obligations under MiFID II, as applicable. Any person subsequently offering, selling or recommending
the Notes (a distributor) should take into consideration the manufacturers target market assessment;
however, a distributor subject to MiFID II is responsible for undertaking its own target market
assessment in respect of the Notes (by either adopting or refining the manufacturers target market
assessment) and determining appropriate distribution channels, subject to the distributors suitability
and appropriateness obligations under MiFID II, as applicable.
For the purposes of this provision, the expression manufacturer means any Manager that is a
manufacturer under MiFID II and the expression MiFID II means Directive 2014/65/EU, as amended.
FINAL TERMS
14 June 2018
Kommuninvest i Sverige Aktiebolag (publ)
Legal entity identifier (LEI): EV2XZWMLLXF2QRX0CD47
Issue of U.S.$2,500,000,000 2.750% Fixed Rate Notes due 22 October 2020
Guaranteed by certain county councils of Sweden and certain municipalities of Sweden under the
30,000,000,000 Note Programme
PART 1
CONTRACTUAL TERMS
Terms used herein shall be deemed to be defined as such for the purposes of the Conditions set forth in the
Base Prospectus dated 8 June 2018, which constitutes a base prospectus for the purposes of the Luxembourg
act relating to prospectuses for securities (loi relative aux prospectus pours valeurs mobilières). This
document constitutes the Final Terms of the Notes described herein and must be read in conjunction with the
Base Prospectus. Full information on the Issuer and the offer of the Notes is only available on the basis of the
combination of these Final Terms and the Base Prospectus.

1.
(a)
Series Number:
2041
(b) Tranche Number:
1
2.
Specified Currency or Currencies:
U.S. Dollars
3.
Aggregate Nominal Amount:

Tranche:
U.S.$2,500,000,000
Series:
U.S.$2,500,000,000


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4.
Issue Price of Tranche:
99.777 % of the Aggregate Nominal Amount
5.
(a)
Specified Denomination(s):
U.S.$200,000 and integral multiples of US$1,000 in
excess thereof
(b)
Calculation Amount:
U.S.$1,000
6.
Issue Date and Interest Commencement
18 June 2018
Date:
7.
Maturity Date:
22 October 2020
8.
Interest Basis:
2.750% Fixed Rate
9.
Redemption/Payment Basis:
Redemption at par
(further particulars specified below)
10.
Change of Interest Basis or
Not Applicable
Redemption/Payment Basis:
11.
Put/Call Options:
Not Applicable
12.
Method of distribution:
Syndicated
PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE
13.
Fixed Rate Note Provisions
Applicable
(a)
Rate of Interest:
2.750 % per annum payable semi-annually in arrear
(b)
Interest Payment Date(s):
22 April and 22 October, in each year from and
including 22 October 2018, up to and including
Maturity Date. There will be a short first coupon in
respect of the Interest Period from, and including, the
Interest Commencement Date up to, but excluding, 22
October 2018.
(c)
Fixed Coupon Amount(s):
U.S.$13.75 per Calculation Amount other than the
Broken Amount (as set out below) for the first
Interest Period from, and including, the Interest
Commencement Date up to, but excluding, 22
October 2018.
(d)
Broken Amount(s):
U.S.$9.47 per Calculation Amount, payable on the
Interest Payment Date falling on 22 October 2018.
(e)
Day Count Fraction:
30/360, unadjusted
(f)
Determination Date(s):
Not Applicable
(g)
Other terms relating to the method
None


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of calculating interest for Fixed
Rate Notes:
14.
Floating Rate Note Provisions
Not Applicable
15.
Zero Coupon Note Provisions
Not Applicable
16.
Fund Linked Interest Note Provisions
Not Applicable
17.
Index Linked Interest Note Provisions
Not Applicable
18.
Dual Currency Interest Note Provisions
Not Applicable
PROVISIONS RELATING TO REDEMPTION
19.
Issuer Call:
Not Applicable
20.
Investor Put:
Not Applicable
21.
Final Redemption Amount:
U.S.$1,000 per Calculation Amount
22.
Early Redemption Amount(s) payable on
U.S.$1,000 per Calculation Amount
redemption for taxation reasons or on event
of default and/or the method of calculating
the same (if required or if different from
that set out in Condition 8.5):
GENERAL PROVISIONS APPLICABLE TO THE NOTES
23.
(a)
Form of Notes:


REGISTERED NOTES
Regulation S Global Note (U.S.$2,104,575,000.00
nominal amount) registered in the name of a nominee
for a common depositary for Euroclear and
Clearstream, Luxembourg

Rule 144A Global Note (U.S.$395,425,000.00
nominal amount) registered in the name of a nominee
for DTC
(b)
New Global Note
No
24.
Additional Financial Centre(s) or other
The Additional Financial Centre: London
special provisions relating to Payment
Dates:
For the avoidance of doubt, the principal financial
centre is New York
25.
Talons for future Coupon or Receipts to be
No
attached to Definitive Notes in bearer form
(and dates on which such Talons mature):


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26.
Details relating to Partly Paid Notes:
Not Applicable
amount of each payment comprising the
Issue Price and date on which each payment
is to be made and, if different from those
specified in the Temporary Global Note,
consequences of failure to pay, including
any right of the Issuer to forfeit the Notes
and interest due on late payment:
27.
Details relating to Instalment Notes:
Not Applicable
(a)
Instalment Amount(s):
Not Applicable
(b)
Instalment Date(s):
Not Applicable
28.
Redenomination:
Redenomination not applicable
29.
Other final terms:
Not Applicable
30.
The names of the Guarantors as at the issue See attached Guarantee dated 7 May 1993, as
date of the relevant Tranche and details of
amended
the date, form and other relevant details of
the Guarantee given by such Guarantors:
DISTRIBUTION


31.
(a)
If syndicated, names of Managers:
Citigroup Global Markets Limited
Merrill Lynch International
Skandinaviska Enskilda Banken AB (publ)
The Toronto-Dominion Bank
(b)
Stabilising Manager(s) (if any):
Not Applicable
(c)
Names of Financial Intermediaries
Not Applicable
(if any):
32.
If non-syndicated, name of relevant Dealer: Not Applicable
33.
Total commission and concession:
0.023% of the Aggregate Nominal Amount
34.
U.S. Selling Restrictions:
Reg S Compliance Category 2; Rule 144A and 3(c)(7)
QPs; TEFRA not applicable
35.
Additional selling restrictions:
Not Applicable
36.
Additional U.S. Federal income tax
Not Applicable
considerations:
37.
Additional ERISA considerations:
Not Applicable
38.
Secondary (uridashi) offerings of Notes to
No
be made in Japan and (i) the relevant


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Securities Registration Statements or (ii)
Amendments or Supplemental Documents
to Shelf Registration Statements under
Financial Instruments and Exchange Act of
Japan (Law No. 25 of 1948, as amended) in
respect of the Notes were filed prior to 8
June 2017:

LISTING AND ADMISSION TO TRADING APPLICATION
These Final Terms comprise the final terms required for admission to the Official List of the Luxembourg
Stock Exchange and admission to trading on the regulated market of the Luxembourg Stock Exchange of the
issue of Notes described herein pursuant to the 30,000,000,000 Note Programme of Kommuninvest i
Sverige Aktiebolag (publ).

RESPONSIBILITY
The Issuer accepts responsibility for the information contained in these Final Terms.


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PART 2
OTHER INFORMATION

1.
LISTING AND ADMISSION TO TRADING
Listing and admission to trading:
Application has been made for the Notes to be
admitted to the Official List of the Luxembourg Stock
Exchange with effect from 18 June 2018.
2.
RATINGS
Ratings:
The Notes to be issued have been rated:

Moody's:
Aaa

S&P:
AAA
3.
REASONS FOR THE OFFER, ESTIMATED NET PROCEEDS AND TOTAL EXPENSES
(a)
Reasons for the offer:
The net proceeds from the issue of Notes will be
applied for the general financing activities of the
Issuer, which include making a profit.
(b) Estimated net proceeds:
U.S.$2,493,850,000
(c) Estimated total expenses:
Not Applicable
4.
YIELD (Fixed Rate Notes only)

Indication of yield:
2.850% semi-annual

The yield is calculated at the Issue Date on the basis
of the Issue Price. It is not an indication of future
yield.
5.
OPERATIONAL INFORMATION
(a)
ISIN Code:
Rule 144A: US50046PBE43
Reg S: XS1839511737

(b)
Common Code:
Rule 144A: 183954393
Reg S: 183951173
(c)
CFI:
Rule 144A: DTFNFR
Reg S: DTFXFR


(d)
FISN:
Reg S: KOMMUNINVEST 1/2.75EMTN 20201022


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(e)
CUSIP:
50046PBE4
(f)
CINS:
Not Applicable
(g)
Any clearing system(s) other than
Not Applicable
DTC, Euroclear and Clearstream,
Luxembourg and the relevant
identification number(s):
(h)
Agent:
Citibank, N.A. for the Notes to be represented by the
Regulation S Global Note
Citibank N.A. for the Notes to be represented by the
Rule 144A Global Note
(i)
Delivery:
Delivery against payment for the Notes to be
represented by the Regulation S Global Note
Delivery against payment for the Notes to be
represented by the Rule 144A Global Note
(j)
Names and address of additional or Not Applicable
alternative Paying Agent(s) (if any):
(k)
Intended to be held in a manner
No. Whilst the designation is specified as "no" at the
which would allow Eurosystem
date of these Final Terms, should the Eurosystem
eligibility:
eligibility criteria be amended in the future such that
the Notes are capable of meeting them the Notes
may then be deposited with one of the ICSDs as
common safekeeper, and registered in the name of a
nominee of one of the ICSDs acting as common
safekeeper. Note that this does not mean that the
Notes will be recognised as eligible collateral for
Eurosystem monetary policy and intra day credit
operations by the Eurosystem at any time during
their life. Such recognition will depend upon the
ECB being satisfied that Eurosystem eligibility
criteria have been met.





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Document Outline