Obligation Kommuninvest Sverige 0.01625% ( USW5S94GJ227 ) en CAD

Kommuninvest Sverige

100 % ▼

Suede

USW5S94GJ227 ( en CAD )

0.01625% par an ( paiement annuel )

22/01/2020 - Obligation échue

Prospectus brochure de l'obligation Kommuninvest I Sverige USW5S94GJ227 en CAD 0.01625%, échue

200 000 CAD

250 000 000 CAD

W5S94GJ22

Kommuninvest est une société anonyme suédoise qui fournit des financements à long terme aux municipalités et aux autorités régionales suédoises.

L'Obligation émise par Kommuninvest Sverige ( Suede ) , en CAD, avec le code ISIN USW5S94GJ227, paye un coupon de 0.01625% par an.
Le paiement des coupons est annuel et la maturité de l'Obligation est le 22/01/2020

FINAL TERMS
22 January 2015
Kommuninvest i Sverige Aktiebolag (publ)
Issue of CAD 250,000,000 1.625% Fixed Rate Notes due 22 January 2020
Guaranteed by certain county councils of Sweden and certain municipalities of Sweden under the
25,000,000,000 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 10 June 2014, as supplemented by the prospectus supplement dated 29 August 2014
(together, the Base Prospectus) 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:
1720
(b) Tranche Number:
1
2.
Specified Currency or Currencies:
Canadian dollars ("CAD")
3.
Aggregate Nominal Amount:

Tranche:
CAD 250,000,000

Series:
CAD 250,000,000
4.
Issue Price of Tranche:
99.928% of the Aggregate Nominal Amount
5.
(a)
Specified Denomination(s):
CAD 200,000 and integral multiples of CAD 1,000 in
excess thereof
(b)
Calculation Amount:
CAD 1,000
6.
(a)
Issue Date and Interest
22 January 2015
Commencement Date:
7.
Maturity Date:
22 January 2020
8.
Interest Basis:
1.625% Fixed Rate
9.
Redemption/Payment Basis:
Redemption at par
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:
1.625% per annum payable semi-annually in arrear
(b)
Interest Payment Date(s):
22 January and 22 July in each year from and
including 22 July 2015, up to and including the
Maturity Date.
(c)
Fixed Coupon Amount(s):
CAD 8.125 per Calculation Amount
(d)
Broken Amount(s):
Not Applicable
(e)
Day Count Fraction:
Actual/Actual Canadian Compound Convention
Whenever it is necessary to compute any amount of
accrued interest in respect of the Notes for a period of
less than one full year, other than in respect of any
regular semi-annual interest payments, such interest
will be calculated on the basis of the actual number of
days in the Calculation Period and a year of 365 days
(where the Calculation Period is any period of time
from (and including) the first day of such period to
(but excluding) the last day of such period)
(f)
Determination Date(s):
Not Applicable
(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.
Index Linked Interest Note Provisions
Not Applicable
17.
Dual Currency Interest Note Provisions
Not Applicable
PROVISIONS RELATING TO REDEMPTION
18.
Issuer Call:
Not Applicable
19.
Investor Put:
Not Applicable
20.
Final Redemption Amount:
CAD 1,000 per Calculation Amount
21.
Early Redemption Amount(s) payable on
CAD 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

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that set out in Condition 8.5):
GENERAL PROVISIONS APPLICABLE TO THE NOTES
22.
(a)
Form of Notes:
REGISTERED NOTES
Regulation S Global Note (CAD 225 million nominal
amount) registered in the name of a nominee for DTC

Rule 144A Global Note (CAD 25 million nominal
amount) registered in the name of a nominee for DTC
(b)
New Global Note
No
23.
Additional Financial Centre(s) or other
Toronto and New York.
special provisions relating to Payment
Dates:

24.
Talons for future Coupon or Receipts to be
No
attached to Definitive Notes in bearer form
(and dates on which such Talons mature):
25.
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:
26.
Details relating to Instalment Notes:
Not Applicable
(a)
Instalment Amount(s):
Not Applicable
(b)
Instalment Date(s):
Not Applicable
27.
Redenomination:
Redenomination not applicable
28.
Other final terms:
Payments of principal of, and interest on, the Notes
will be made on the relevant payment date to, or to
the order of, the registered holder registered at the
close of business on the relevant Record Date (as
defined below) in the register kept by the Registrar in
U.S. dollars or CAD as set forth below.
Principal and interest payments in respect of the
Notes are payable in CAD, but owners of beneficial
interests in the Notes (Noteholders) will receive such
payments in U.S. dollars, unless they elect, through
DTC and its participants, to receive payments in CAD
as set forth below.
To the extent that Noteholders will not have made

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such election in respect of any payment of principal
or interest, the aggregate amount designated for all
such Noteholders in respect of such payment will be
converted by Deutsche Bank AG, London Branch as
exchange agent (the Exchange Agent), into U.S.
dollars and paid by wire transfer of same-day funds
to, or to the order of, the registered holder for
payment through DTC's settlement system to the
relevant DTC participants. All costs of such
conversion will be borne by Noteholders receiving
U.S. dollars by way of deduction from such
payments.
Any such conversion will be based on the foreign
exchange conversion rate (the Exchange Rate) of the
Exchange Agent, at or prior to 11:00 A.M., New York
City time, two New York Business Days preceding
the relevant payment date, for the purchase by the
Principal Paying Agent of U.S. dollars for settlement
on such payment date. For purposes of this paragraph,
a New York Business Day means a day (other than a
Saturday or a Sunday) on which foreign exchange
markets are open for business in New York City that
is neither a legal holiday nor a day on which banking
institutions are authorised or required by law or
regulation to close in the cities of New York, London
and Toronto. The Exchange Rate will be established
by the Exchange Agent using its own internal foreign
exchange conversion rates for settlement on the
relevant Note payment date, which conversion shall
be conducted in a commercially reasonable manner
similar to that which is effected for its other
customers. Neither the Issuer nor the Exchange Agent
shall have any responsibility to Noteholders for any
losses arising from such conversion, or for whether
the Exchange Agent's conversion rate is
representative of other market rates for the exchange
of Canadian into U.S. dollars at the relevant time.
A Noteholder may elect to receive payment of
principal and interest with respect to the Notes in
CAD by causing DTC, through the relevant DTC
participant, to notify the U.S. Paying Agent by the
time specified below of (i) such Noteholder's election
to receive all or a portion of such payment in CAD
and (ii) wire transfer instructions to a CAD account.
Such election in respect of any payment will be made
by the Noteholder at the time and in the manner
required by the DTC procedures applicable from time
to time and will, in accordance with such procedures,
be irrevocable. DTC's notification of such election,
wire transfer instructions and the amount payable in
CAD pursuant to this paragraph must be received by

4

the U.S. Paying Agent on or prior to the fifth business
day after the relevant Record Date (as defined below)
for any payment of interest or dividends and the tenth
business day prior to the payable date for the payment
of principal. Any payments under this paragraph in
CAD will be made by wire transfer of same-day funds
to CAD accounts designated by DTC.
If complete instructions are received by the DTC
participant and forwarded by the DTC participant to
DTC and by DTC to the U.S. Paying Agent on or
prior to such dates, the Noteholder will receive
payment in CAD outside of DTC; otherwise only
U.S. dollar payments will be made by the Exchange
Agent.
The Record Date of the Notes shall be the twentieth
calendar day before the relevant due date.
Notwithstanding clause 2.6(a) of the Terms and
Conditions of the Notes in the Base Prospectus,
holders of beneficial interests in the Regulation S
Global Note may hold their interests through CDS
Clearing and Depository Services Inc. as a participant
in DTC.
29.
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

30.
(a)
If syndicated, names of Managers:
HSBC Bank plc, Scotiabank Europe plc, The
Toronto-Dominion Bank, Bank of Montreal, London
Branch, CIBC World Markets plc, National Bank
Financial Inc.
(b)
Stabilising Manager(s) (if any):
Not Applicable
(c)
Names of Financial Intermediaries
Not Applicable
(if any):
31.
If non-syndicated, name of relevant Dealer: Not Applicable
32.
Total commission and concession:
0.125% of the Aggregate Nominal Amount
33.
U.S. Selling Restrictions:
Regulation S Compliance Category 2; Rule 144A and
3(c)(7) QPs; TEFRA not applicable
34.
Additional selling restrictions:
Not Applicable
35.
Additional U.S. Federal income tax
Not Applicable
considerations:

5

36.
Additional ERISA considerations:
Not Applicable
37.
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 13
June 2013:
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 25,000,000,000 Note Programme of Kommuninvest i
Sverige Aktiebolag (publ).

6

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 22
January 2015.
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:
CAD 249,507,500
(c)
Estimated total expenses:
Not Applicable.
4.
YIELD (Fixed Rate Notes only)

Indication of yield:
1.64% 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: US50049GAA04
Reg S: USW5S94GJ227
(b)
Common Code:
Rule 144A: 117391299
Reg S: 117295028
(c)
CUSIP:
Rule 144A: 50049G AA0
Reg S: W5S94G J22
(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)
Paying Agent:
Deutsche Bank Trust Company Americas
(g)
Delivery:
DTC FAST

(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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