Obbligazione Kommuninvest Sverige 2.37% ( XS1756423825 ) in USD

Emittente Kommuninvest Sverige
Prezzo di mercato 100 USD  ▼ 
Paese  Svezia
Codice isin  XS1756423825 ( in USD )
Tasso d'interesse 2.37% per anno ( pagato 2 volte l'anno)
Scadenza 22/04/2021 - Obbligazione è scaduto



Prospetto opuscolo dell'obbligazione Kommuninvest i Sverige XS1756423825 in USD 2.37%, scaduta


Importo minimo 200 000 USD
Importo totale 1 000 000 000 USD
Descrizione dettagliata Kommuninvest i Sverige è una società di finanziamento pubblica svedese che fornisce prestiti a lungo termine a comuni e regioni svedesi.

The Obbligazione issued by Kommuninvest Sverige ( Sweden ) , in USD, with the ISIN code XS1756423825, pays a coupon of 2.37% per year.
The coupons are paid 2 times per year and the Obbligazione maturity is 22/04/2021








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
22 January 2018
Kommuninvest i Sverige Aktiebolag (publ)
Issue of U.S.$1,000,000,000 2.375% Fixed Rate Notes due 22 April 2021
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 2017, as supplemented by the prospectus supplement dated 5 September 2017,
which, together, constitute 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:
1951
(b) Tranche Number:
1
2.
Specified Currency or Currencies:
U.S. Dollars
3.
Aggregate Nominal Amount:

Tranche:
U.S.$1,000,000,000
Series:
U.S.$1,000,000,000


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4.
Issue Price of Tranche:
99.961 per cent. 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
24 January 2018
Date:
7.
Maturity Date:
22 April 2021
8.
Interest Basis:
2.375% 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:
2.375 per cent. per annum payable semi-annually in
arrear
(b)
Interest Payment Date(s):
22 April and 22 October, in each year from and
including 22 April 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 April
2018.
(c)
Fixed Coupon Amount(s):
U.S.$11.88 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 April
2018.
(d)
Broken Amount(s):
U.S.$5.81 per Calculation Amount, payable on the
Interest Payment Date falling on 22 April 2018.
(e)
Day Count Fraction:
30/360
(f)
Determination Date(s):
Not Applicable


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(g)
Other terms relating to the method
None
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.$878,550,000.00
nominal amount) registered in the name of a nominee
for a common depositary for Euroclear and
Clearstream, Luxembourg

Rule 144A Global Note (U.S.$121,450,000.00
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


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(and dates on which such Talons mature):
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
Nomura International plc
Nordea Bank AB (publ)
The Toronto-Dominion Bank

Daiwa Capital Markets Europe Limited
MUFG Securities EMEA plc
Mizuho International plc
SMBC Nikko Capital Markets Limited
Tokai Tokyo Securities Europe Limited
(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:
0.100% 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


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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
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 9
June 2016:

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 and to trading on the regulated market of
the Luxembourg Stock Exchange with effect from 24
January 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.$998,610,000.00
(c) Estimated total expenses:
Not Applicable
4.
YIELD (Fixed Rate Notes only)

Indication of yield:
2.388% 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: US50046PBB04
Reg S: XS1756423825

(b)
Common Code:
Rule 144A: 175771956
Reg S: 175642382
(c)
CUSIP:
50046PBB0
(d)
CINS:
Not Applicable


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(e)
Any clearing system(s) other than
Not Applicable
DTC, Euroclear and Clearstream,
Luxembourg and the relevant
identification number(s):
(f)
Agent:
Citibank, N.A., London Branch for the Notes to be
represented by the Regulation S Global Note
Citibank, N.A., London Branch for the Notes to be
represented by the Rule 144A Global Note
(g)
Delivery:
Delivery against payment for the Notes to be
represented by the Regulation S Global Note
Delivery free of payment for the Notes to be
represented by the Rule 144A Global Note
(h)
Names and address of additional or Not Applicable
alternative Paying Agent(s) (if any):
(i)
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