Obligation Kommuninvest Sverige 0.5% ( XS2412562600 ) en USD

Société émettrice Kommuninvest Sverige
Prix sur le marché 100 %  ▲ 
Pays  Suede
Code ISIN  XS2412562600 ( en USD )
Coupon 0.5% par an ( paiement semestriel )
Echéance 05/07/2023 - Obligation échue



Prospectus brochure de l'obligation Kommuninvest i Sverige XS2412562600 en USD 0.5%, échue


Montant Minimal 200 000 USD
Montant de l'émission 1 000 000 000 USD
Description détaillée 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 USD, avec le code ISIN XS2412562600, paye un coupon de 0.5% par an.
Le paiement des coupons est semestriel et la maturité de l'Obligation est le 05/07/2023







The Issuer does not fall under the scope of application of the MiFID II or UK MiFIR package.
Consequently, the Issuer does not qualify as an "investment firm", "manufacturer" or "distributor"
for the purposes of MiFID II or Regulation (EU) No 600/2014 as it forms part of domestic law by virtue
of the European Union (Withdrawal) Act 2018.
MiFID II product governance / Professional investors and ECPs only target market ­ Solely for the
purposes of each manufacturer's 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 only, each as defined in Directive 2014/65/EU (as amended MiFID II); and (ii) all channels for
distribution of the Notes to eligible counterparties and professional clients are appropriate. 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.
UK MiFIR product governance / Professional investors and ECPs only target market ­ Solely for the
purposes of the manufacturer's 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 only eligible counterparties, as defined in
the FCA Handbook Conduct of Business Sourcebook (COBS), and professional clients, as defined in
Regulation (EU) No 600/2014 as it forms part of domestic law by virtue of the European Union (Withdrawal)
Act 2018 (UK MiFIR); and (ii) all channels for distribution of the Notes to eligible counterparties and
professional clients are appropriate. Any person subsequently offering, selling or recommending the Notes (a
distributor) should take into consideration the manufacturer's target market assessment; however, a distributor
subject to the FCA Handbook Product Intervention and Product Governance Sourcebook (the UK MiFIR
Product Governance Rules) is responsible for undertaking its own target market assessment in respect of the
Notes (by either adopting or refining the manufacturer's target market assessment) and determining appropriate
distribution channels.
For the purposes of this provision, the expression manufacturer means any Manager that is a
manufacturer under MiFID II or UK MiFIR, as the case may be.
24 November 2021
FINAL TERMS
Kommuninvest i Sverige Aktiebolag (publ)
Legal entity identifier (LEI): EV2XZWMLLXF2QRX0CD47
Issue of U.S.$1,000,000,000 0.500% 144A/RegS Fixed Rate Notes due 5 July 2023
Guaranteed by certain regions of Sweden and certain municipalities of Sweden under
the Euro 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 11 June 2021 and the supplement to it dated 26 August 2021 (the Base Prospectus)
which 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


1






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:
2323
(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
4.
Issue Price of Tranche:
99.938 per cent. of the Aggregate Nominal Amount
5.
(a)
Specified Denomination(s):
U.S.$200,000 and integral multiples of U.S.$1,000
in excess thereof
(b)
Calculation Amount:
U.S.$1,000
6.
Issue Date and Interest Commencement
26 November 2021
Date:
7.
Maturity Date:
5 July 2023
8.
Interest Basis:
0.500% Fixed Rate


(further particulars specified below)
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:
0.500 per cent. per annum payable semi-annually in
arrear
(b)
Interest Payment Date(s):
5 January and 5 July in each year, from (and
including) 5 January 2022, up to (and including) the
Maturity Date. There will be a short first coupon in
respect of the Interest Period from, and including the


2







Interest Commencement Date to, but excluding 5
January 2022.
(c)
Fixed Coupon Amount(s):
U.S.$2.50 per Calculation Amount
(d)
Broken Amount(s):
U.S.$0.54 per Calculation Amount, payable on the
Interest Payment Date falling on 5 January 2022
(e)
Day Count Fraction:
30/360, unadjusted
(f)
Determination Date(s):
Not Applicable
The specified Fixed Coupon Amount and Broken
(g)
Other terms relating to the method Amount defined in item 13.(c) and 13.(d) above will
of calculating interest for Fixed
only be applicable in the case of Definitive Notes.
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.$837,500,000.00
nominal amount) registered in the name of a nominee
for a common depositary for Euroclear and
Clearstream, Luxembourg


3







Rule 144A Global Note (U.S.$162,500,000.00
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):
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
28.
Redenomination:
Redenomination not applicable
29.
Other final terms:
Not Applicable
30.
The names of the Guarantors as at the
See attached Guarantee dated 7 May 1993, as
issue date of the relevant Tranche and
amended
details of the date, form and other relevant
details of the Guarantee given by such
Guarantors:
DISTRIBUTION
Barclays Bank Ireland PLC
31.
(a)
If syndicated, names of Managers: Danske Bank A/S
Goldman Sachs Bank Europe SE
TD Global Finance unlimited company

MUFG Securities (Europe) N.V.
SMBC Nikko Capital Markets Europe GmbH
(b)
Stabilising Manager(s) (if any):
Not Applicable


4







(c)
Names of Financial Intermediaries Not Applicable
(if any):
32.
If non-syndicated, name of relevant
Not Applicable
Dealer:
33.
Total commission and concession:
0.075% 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
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 11 June 2021:
39.
Prohibition of Sales to Belgian
Applicable
Consumers:
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 Euro Note Programme of Kommuninvest i Sverige Aktiebolag
(publ).
RESPONSIBILITY
The Issuer accepts responsibility for the information contained in these Final Terms.






5






Signed on behalf of Kommuninvest i Sverige Aktiebolag (publ):
By:
______________________________________________



Duly authorised
(Signature page to the Final Terms)
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 with effect from 26 November 2021.
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.$998,630,000
(c)
Estimated total expenses:
EUR 2,000.00
4.
YIELD

Indication of yield:
0.540% 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:
Rule 144A: US50046PBV67
Reg S: XS2412562600
(b)
Common Code:
Rule 144A: 241287874
Reg S: 241256260
(c)
CFI:
See the website of the Association of National
Numbering Agencies (ANNA) or alternatively
sourced from the responsible National Numbering
Agency that assigned the ISIN
(d)
FISN:
See the website of the Association of National
Numbering Agencies (ANNA) or alternatively


7







sourced from the responsible National Numbering
Agency that assigned the ISIN

(e)
CUSIP:
50046PBV6
(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.





8










Document Outline