By Marisa Wong
Los Angeles, Dec. 8 – Swedish Export Credit Corp. sold $100 million of floating-rate instruments due Dec. 19, 2022 (Aa1/AA+), according to a term sheet.
The instruments will be consolidated and form a single series with the $250 million of floating-rate instruments due Dec. 19, 2022 issued on Feb. 24, 2021 and the $100 million of additional floaters issued on March 17, 2021.
The latest tranche priced at 101.041.
The interest rate is equal to SOFR plus 100 basis points.
Nomura International plc is the dealer for the non-syndicated offering.
Based in Stockholm, Swedish Export Credit is the lender to Sweden’s export industry.
| Issuer: | Swedish Export Credit Corp.
|
| Amount: | $100 million
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| Issue: | Floating-rate instruments, series 6987 tranche 3 (tap issue)
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| Maturity: | Dec. 19, 2022
|
| Dealer: | Nomura International plc
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| Coupon: | SOFR plus 100 bps
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| Price: | 101.041
|
| Call option: | No
|
| Put option: | No
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| Issue date: | Nov. 12
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| Ratings: | Moody’s: Aa1
|
| S&P: AA+
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| Listing: | Luxembourg
|
| Total issuance: | $450 million, including $250 million issued on Feb. 24, 2021 and $100 million issued on March 17, 2021
|
| ISIN: | XS2305050390
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