By William Gullotti and Cristal Cody
Buffalo, N.Y., Nov. 22 – Swedish Export Credit Corp. priced $1.75 billion of 4.625% three-year notes at 99.917 to yield 4.655% on Tuesday, according to an FWP filed with the Securities and Exchange Commission and additional information from a market source.
The notes priced at SOFR mid-swaps plus 51 basis points, on top of price talk that was in the SOFR mid-swaps plus 51 bps area.
The notes may only be called after the occurrence of certain tax events at par plus accrued and unpaid interest.
Bank of Montreal Europe plc, BofA Securities Europe SA, Morgan Stanley & Co. International plc and Scotiabank (Ireland) DAC are the joint lead managers.
Application will be made to list the notes on Euronext Dublin.
Swedish Export Credit is a Stockholm-based financial services company for the Swedish export industry.
| Issuer: | Swedish Export Credit Corp.
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| Amount: | $1.75 billion
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| Issue: | Notes
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| Maturity: | Nov. 28, 2025
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| Joint lead managers: | Bank of Montreal Europe plc, BofA Securities Europe SA, Morgan Stanley & Co. International plc and Scotiabank (Ireland) DAC
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| Trustee: | Bank of New York Mellon Trust Co., NA
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| Coupon: | 4.625%
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| Price: | 99.917
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| Yield: | 4.655%
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| Spread: | SOFR mid-swaps plus 51 bps, or Treasuries plus 37.33 bps
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| Call: | Only after certain tax events at par plus accrued and unpaid interest
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| Pricing date: | Nov. 22
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| Settlement date: | Nov. 30
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| Distribution: | SEC registered
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| Initial talk: | SOFR mid-swaps plus 51 bps area
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| Cusip: | 87031CAH6
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