The City of Stockholm has recently issued SEK 2,550,000,000.00 in floating rate notes due April 2028, under Series EMTN93 Tranche 1 MTN ISSUE NAME. The total interest amount in SEK currency code for this issuance is SEK 31,184,941.67, with a day basis of Actual/360 (A004) and a 91-day interest period from 24/01/2024 to 24/04/2024. The interest rate for this issuance is 4.838 percent, and the value date is 24/04/2024. The pool factor for this issuance is not applicable.
This significant issuance by the City of Stockholm demonstrates a strong commitment to financing its operations and investments. The floating rate notes due in April 2028 provide an opportunity for investors to participate in the city’s growth and development while earning a competitive interest rate.
The issuance of these floating rate notes aligns with Stockholm’s long-term goals and strategic plans for economic development and sustainability. This financing will allow the city to fund various projects and initiatives that contribute to the overall well-being and prosperity of its residents.
Investors who are considering this issuance can rest assured that the City of Stockholm has a solid track record of financial responsibility and sound management. The City of Stockholm’s creditworthiness and stability make it an attractive opportunity for investors seeking reliable and secure investments.
Furthermore, the decision to issue floating rate notes indicates the city’s proactive approach to managing its debt and financial obligations. By utilizing this flexible financing option, the City of Stockholm can adapt to market conditions and optimize its borrowing costs over the long term.
Overall, the issuance of SEK 2,550,000,000.00 in floating rate notes due April 2028 by the City of Stockholm is a testament to the city’s strong financial position and its commitment to sustainable growth. This opportunity allows investors to participate in the city’s future success while earning a competitive interest rate.
For investors seeking a reliable and secure investment opportunity, the City of Stockholm’s floating rate notes represent a promising option. With a solid track record of financial responsibility and a proactive approach to debt management, Stockholm continues to demonstrate its stability and creditworthiness in the global financial markets.
Investors are encouraged to consider the potential benefits of participating in this issuance, as it offers an opportunity to support the City of Stockholm’s initiatives and participate in its economic development and sustainability efforts. The issuance of these floating rate notes is a clear indication of the city’s forward-thinking approach to financing and its commitment to long-term success.
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