By Cristal Cody
Tupelo, Miss., Oct. 1 – Swedish Export Credit Corp. priced a $150 million add-on to its 1.75% medium-term global notes due Dec. 12, 2023 (Aa1/AA+) on Thursday at 104.421 to yield 0.351%, according to an FWP filing with the Securities and Exchange Commission.
Morgan Stanley & Co. International plc was the bookrunner.
Swedish Export Credit first sold $500 million of the notes on Dec. 5, 2019 at par to yield mid-swaps plus 18 bps, or a spread of Treasuries plus 15.7 bps.
The company also issued a $100 million tap on June 26 and a $600 million reopening on June 22.
The total outstanding is now $1.35 billion.
Swedish Export Credit is a Stockholm-based government-owned financial services company for the Swedish export industry.
| Issuer: | Swedish Export Credit Corp.
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| Amount: | $150 million reopening
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| Description: | Series F medium-term global notes
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| Maturity: | Dec. 12, 2023
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| Bookrunner: | Morgan Stanley & Co. International plc
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| Coupon: | 1.75%
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| Price: | 104.421
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| Yield: | 0.351%
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| Trade date: | Oct. 1
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| Settlement date: | Oct. 7
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| Ratings: | Moody’s: Aa1
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| S&P: AA+
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| Distribution: | SEC registered
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| Total outstanding: | $1.35 billion, including $500 million of notes priced Dec. 5, 2019 at par to yield mid-swaps plus 18 bps, or a spread of Treasuries plus 15.7 bps, and a $100 million tap on June 26 and a $600 million reopening on June 22
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