By Wendy Van Sickle and Cristal Cody
Columbus, Ohio, Sept. 29 – Swedish Export Credit Corp. priced an upsized $1.25 billion of 0.625% three-year notes at 99.893 to yield 0.661% on Wednesday, according to an FWP filing with the Securities and Exchange Commission.
The notes priced with a spread of mid-swaps plus 17 basis points, or Treasuries plus 12.6 bps.
Price talk was at the SOFR mid-swaps plus 20 bps area and the deal was originally expected for $1. billion, according to a market source.
Bank of Montreal, London Branch, Barclays Bank plc, Morgan Stanley & Co. International plc and RBC Capital Markets LLC were joint lead managers.
Swedish Export Credit is a Stockholm-based government-owned financial services company for the Swedish export industry.
| Issuer: | Swedish Export Credit Corp.
|
| Amount: | $1.25 billion
|
| Description: | Notes
|
| Maturity: | Oct. 7, 2024
|
| Joint lead managers: | Bank of Montreal, London Branch, Barclays Bank plc, Morgan Stanley & Co. International plc and RBC Capital Markets LLC
|
| Co-lead managers: | SMBC Nikko Capital Markets Europe GmbH and Tokai Tokyo Securities Europe Ltd.
|
| Coupon: | 0.625%
|
| Price: | 99.893
|
| Yield: | 0.661%
|
| Spread: | Mid-swaps plus 17 bps, or Treasuries plus 12.6 bps
|
| Optional redemption: | After certain tax events at par plus interest
|
| Trade date: | Sept. 29
|
| Settlement date: | Oct. 7
|
| Distribution: | SEC registered
|
| Price guidance: | SOFR mid-swaps plus 20 bps area
|
| Cusip: | 87031CAC7
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
