Banc of America to price CMS range accrual notes for Svensk

By Angela McDaniels

Tacoma, Wash., June 2 - AB Svensk Exporkredit plans to price CMS range accrual notes due June 27, 2018 via underwriter Banc of America Securities LLC, according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be payable quarterly and will equal a base rate multiplied by the proportion of days on which the five-year Constant Maturity Swap (CMS) rate is at least 0% and not greater than 6%. The base rate will be set at pricing.

Beginning Dec. 27, 2008, the notes will be callable at par on any interest payment date.

The notes are expected to price on June 24 and settle on June 27.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.