By Cristal Cody
Tupelo, Miss., Sept. 23 – Swedish Export Credit Corp. priced $1.25 billion of 0.25% three-year global notes (Aa1/AA+) on Wednesday at a spread of mid-swaps plus 13 basis points, or Treasuries plus 20.5 bps, according to a market source and an FWP filing with the Securities and Exchange Commission.
Price guidance was at mid-swaps plus 13 bps, tighter that initial talk at the mid-swaps plus 15 bps area.
The issue priced at 99.675 to yield 0.359%.
BofA Securities Europe SA, Credit Agricole CIB, Deutsche Bank AG and NatWest Markets plc were the bookrunners.
The government-owned financial services company for the Swedish export industry is based in Stockholm.
| Issuer: | Swedish Export Credit Corp.
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| Amount: | $1.25 billion
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| Description: | Global notes
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| Maturity: | Sept. 29, 2023
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| Bookrunners: | BofA Securities Europe SA, Credit Agricole CIB, Deutsche Bank AG and NatWest Markets plc
|
| Coupon: | 0.25%
|
| Price: | 99.675
|
| Yield: | 0.359%
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| Spread: | Mid-swaps plus 13 bps, or Treasuries plus 20.5 bps
|
| Trade date: | Sept. 23
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| Settlement date: | Sept. 29
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| Ratings: | Moody’s: Aa1
|
| S&P: AA+
|
| Distribution: | SEC registered
|
| Price guidance: | Mid-swaps plus 13 bps; initial talk at mid-swaps plus 15 bps area
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