Sweden hired banks to arrange an exchange of existing bonds into new 20-year notes in krona, according to a banker involved in the deal.

Barclays Capital, Danske Bank AS, Svenska Handelsbanken, Nordea Bank AB (NDA), Nykredit Bank AS, Royal Bank of Scotland Group Plc, SEB and Swedbank AB (SWEDA) are managing the transaction.

To contact the reporter on this story: Hannah Benjamin in London at hbenjamin1@bloomberg.net

To contact the editor responsible for this story: Michael Shanahan at mshanahan3@bloomberg.net