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