2012.05.09 17:49:53 Sweden Plans Benchmark 3-Year US Dollar Bond Issue

LONDON (Dow Jones)--Sweden is planning a benchmark-size, U.S. dollar-denominated, three-year bond, one of the banks running the deal said Wednesday. Initial price thoughts are in the area of 16 basis points under midswaps. Barclays PLC, Credit Suisse Group AG and Goldman Sachs Group Inc. are the lead managers of the sale, which is expected to price in the near future, subject to market conditions. Sweden is rated triple-A by all three of the major ratings companies. -By Ben Edwards, Dow Jones Newswires; 44-20-7842-9287; ben.edwards@dowjones.com (END) Dow Jones Newswires May 09, 2012 11:49 ET (15:49 GMT)