By Aleesia Forni
Virginia Beach, Nov. 5 - AB Svensk Exportkredit priced a $250 million tier 2 10-year bond, according to a company release.
The bond will be non-callable for five years.
BofA Merrill Lynch, Goldman Sachs & Co., HSBC and Nomura carried out the transaction.
Asset managers accounted for 67% of the investors, 17% were insurance companies and pension funds, 12% were banks and private banks accounted for 4%.
By region, Europeans accounted for 46% of investors, 31% were U.S. investors, 14% were Nordics, 5% of investors were from the Middle East and Asian investors accounted for 4%.
Based in Stockholm, Svensk is the lender to Sweden's export industry.
| Issuer: | AB Svensk Exportkredit
|
| Amount: | $250 million
|
| Description: | Tier 2 bond
|
| Tenor: | 10 years
|
| Bookrunners: | BofA Merrill Lynch, Goldman Sachs & Co., HSBC, Nomura
|
| Call features: | Non-callable for five years
|
| Trade date: | Nov. 5
|
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