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Published on 10/13/2010 in the Prospect News Investment Grade Daily.

New Issue: Svensk prices $1 billion of five-year notes at Treasuries plus 63 bps

By Jennifer Chiou

New York, Oct. 13 - AB Svensk Exportkredit priced $1 billion of five-year 1.75% notes at 99.886 to yield 1.774% with a spread of Treasuries plus 63 basis points, according to an FWP filing with the Securities and Exchange Commission.

The joint lead managers were BofA Merrill Lynch, Credit Suisse and Goldman Sachs International.

The notes are callable only after certain tax events at par plus accrued interest.

Issuer:AB Svensk Exportkredit
Issue:Notes
Amount:$1 billion
Maturity:Oct. 20, 2015
Managers:BofA Merrill Lynch, Credit Suisse and Goldman Sachs International (joint leads)
Coupon:1.75%, payable semiannually
Price:99.886
Yield:1.774%
Spread:63 bps over 1.25% Treasury due Sept. 30, 2015
Trade date:Oct. 13
Settlement date:Oct. 20

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