High-grade market remains quiet; details surface on Swedish Export Credit’s $600 million four-year notes

By Devika Patel

Knoxville, Tenn., July 24 – Primary activity in the investment-grade bond market stayed slow on Friday, although details emerged about a deal that priced Thursday.

Stockholm-based Swedish Export Credit Corp., a financial services company for the Swedish export industry, sold $600 million of 0.375% four-year notes on Thursday.

Swedish Export sells $600 million

Swedish Export Credit priced $600 million of 0.375% four-year notes at a spread of Treasuries plus 25.3 basis points on Thursday.

The notes priced at 99.822 to yield 0.42%.

Bank of Montreal, London Branch, BofA Securities Europe SA and Morgan Stanley & Co. International plc were the lead managers.

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