By Angela McDaniels
Tacoma, Wash., Jan. 8 - AB Svensk Exportkredit priced an additional $21.5 million of 0% Elements due Oct. 24, 2022 linked to the Rogers International Commodity Index - Agriculture Total Return in four tranches via Nuveen Investments and Merrill Lynch & Co., according to 424B2 filings with the Securities and Exchange Commission.
The company priced $7.5 million of notes at 111.249 on Jan. 3, another $5 million of notes at 111.570 on Jan. 3, $5 million of notes at 111.136 on Jan. 4 and $4 million of notes at 110.019 on Jan. 7.
The latest tranches bring the total issue size to $88.5 million.
Previously, Svensk priced $4 million of the notes at par on Oct. 17, $2.5 million at 100.782 on Oct. 31, $4.5 million at 100.357 on Nov. 7, $5 million at 101.105 on Nov. 8, $9 million at 100.124 on Nov. 12, $5 million at 99.899 on Nov. 13, $5 million at 103.162 on Dec. 5, $6 million at 105.895 on Dec. 11, $10 million at 108.570 on Dec. 20, $6 million at 108.529 on Dec. 31 and $5 million at 110.348 on Jan. 2.
The company has registered and may issue up to $250 million of the notes.
The index represents the value of a basket of 20 agricultural commodity futures contracts and is a sub-index of the Rogers International Commodity Index - Total Return, which is a composite, dollar-based, total return index representing the value of a basket of commodities consumed in the global economy.
The payout at maturity will be par plus the index return, less an annual investor fee of 0.75% times the proportion of days elapsed.
Beginning Jan. 28, 2008, holders may put back the notes on a weekly repurchase date. There is a minimum put requirement of $5 million of notes.
The notes were approved for listing on the American Stock Exchange under the symbol "RJA."
| Issuer: | AB Svensk Exportkredit
|
| Issue: | Elements
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| Underlying index: | Rogers International Commodity Index - Agriculture Total Return
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| Amount: | $88.5 million, upsized from $4 million
|
| Maturity: | Oct. 24, 2022
|
| Coupon: | 0%
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| Price: | Par for $4 million; 100.782 for $2.5 million; 100.357 for $4.5 million; 101.105 for $5 million; 100.124 for $9 million; 99.899 for $5 million; 103.162 for $5 million; 105.895 for $6 million; 108.456 for $5 million; 108.570 for $10 million; 108.529 for $6 million; 110.348 for $5 million; 111.249 for $7.5 million; 111.57 for $5 million; 111.136 for $5 million; 110.019 for $4 million
|
| Payout at maturity: | Par plus the index return minus an investor fee of 0.75% times the proportion of days elapsed
|
| Put: | On weekly repurchase dates beginning Jan. 28, 2008
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| Pricing date: | Oct. 17 for $4 million; Oct. 31 for $2.5 million; Nov. 7 for $4.5 million; Nov. 8 for $5 million; Nov. 12 for $9 million; Nov. 13 for $5 million; Dec. 5 for $5 million; Dec. 11 for $6 million; Dec. 14 for $5 million; Dec. 20 for $10 million; Dec. 31 for $6 million; Jan. 2 for $5 million; Jan. 3 for $7.5 million; Jan. 3 for $5 million; Jan. 4 for $5 million; Jan. 7 for $4 million
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| Settlement date: | Oct. 24 for $4 million; Nov. 6 for $2.5 million; Nov. 13 for $4.5 million; Nov. 14 for $5 million; Nov. 16 for $9 million; Nov. 19 for $5 million; Dec. 11 for $5 million; Dec. 17 for $6 million; Dec. 20 for $5 million; Dec. 27 for $10 million; Jan. 7 for $6 million; Jan. 8 for $5 million; Jan. 9 for $7.5 million; Jan. 9 for $5 million; Jan. 10 for $5 million; Jan. 11 for $4 million
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| Agents: | Nuveen Investments and Merrill Lynch & Co.
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| Listing: | Amex: RJA
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