By Jennifer Chiou
New York, July 23 - AB Svensk Exportkredit priced $3.22 million of CMS range accrual notes due July 25, 2018 via 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 of 8.05% multiplied by the proportion of days on which the spread of the 30-year Constant Maturity Swap rate over the two-year CMS rate is at least 25 basis points.
Beginning July 25, 2009, the notes will be callable at par on any interest payment date.
If the notes are not called, the payout at maturity will be par.
| Issuer: | AB Svensk Exportkredit
|
| Issue: | CMS range accrual notes
|
| Amount: | $3,215,000
|
| Maturity: | July 25, 2018
|
| Coupon: | For each quarter, base rate of 8.05% multiplied by the proportion of days on which the spread of the 30-year CMS rate over the two-year CMS rate is at least 25 bps
|
| Price: | Par
|
| Payout at maturity: | Par plus accrued interest
|
| Call: | At par plus accrued interest on any interest payment date beginning July 25, 2009
|
| Pricing date: | July 22
|
| Settlement date: | July 25
|
| Underwriter: | Banc of America Securities LLC
|
| Fees: | 1.5%
|
© 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.
