By Wendy Van Sickle
Columbus, Ohio, Nov. 9 – Swedish Export Credit Corp. priced an upsized $1.25 billion of 0.5% two-year notes (Aa1/AA+) on Tuesday at 99.831 to yield 0.586%, according to an FWP filing with the Securities and Exchange Commission.
BofA Securities Europe SA, Credit Agricole CIB, Deutsche Bank AG and HSBC Bank plc were the bookrunners.
The notes are redeemable only after the occurrences of certain tax events at par plus interest.
The notes priced with a spread over SOFR of 17.1 basis points. The notes were launched at SOFR plus 14 bps and initial price talk was in the SOFR plus 16 bps area.
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: | $1.25 billion
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| Description: | Notes
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| Maturity: | Nov. 10, 2023
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| Bookrunners: | BofA Securities Europe SA, Credit Agricole CIB, Deutsche Bank AG and HSBC Bank plc
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| Coupon: | 0.5%
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| Price: | 99.831
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| Yield: | 0.586%
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| Spread: | SOFR plus 17.1 bps
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| Call: | Only after certain tax events at par plus interest
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| Trade date: | Nov. 9
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| Settlement date: | Nov. 17
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| Ratings: | Moody’s: Aa3
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| S&P: AA+
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| Distribution: | SEC registered
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| Cusip: | 87031CAD5
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| Price talk: | SOFR plus 14 bps at launch; initial price talk in SOFR plus 16 bps area
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