Wells Fargo to price fixed-to-floating notes due 2018 for Svensk

By Angela McDaniels

Tacoma, Wash., April 2 - AB Svensk Exportkredit plans to price fixed-to-floating-rate notes due April 19, 2018 via Wells Fargo Securities LLC, according to a 424B2 filing with the Securities and Exchange Commission.

The initial interest rate will be 2.25%. Beginning April 19, 2013, the interest rate will be Libor plus 45 basis points, subject to a maximum rate of 5% per year. Interest is payable quarterly.

The payout at maturity will be par.

The notes are expected to price April 12 and settle April 19.

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