By Wendy Van Sickle and Cristal Cody
Columbus, Ohio, Feb. 7 – Swedish Export Credit Corp. priced $1.75 billion of 4.375% three-year notes at 99.767 to yield 4.459% on Tuesday, according to an FWP filed with the Securities and Exchange Commission.
The notes priced at SOFR mid-swaps plus 46 basis points, or at Treasuries plus 36.2 bps. Price talk was in the SOFR mid-swaps plus 48 bps area.
The notes may only be called after the occurrence of certain tax events at par plus accrued and unpaid interest.
Citigroup Global Markets Europe AG, Daiwa Capital Markets Europe Ltd., HSBC Bank plc and J.P. Morgan SE 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.
|
| Amount: | $1.75 billion
|
| Issue: | Notes
|
| Maturity: | Feb. 13, 2026
|
| Joint lead managers: | Citigroup Global Markets Europe AG, Daiwa Capital Markets Europe Ltd., HSBC Bank plc and J.P. Morgan SE
|
| Trustee: | Bank of New York Mellon Trust Co., NA
|
| Coupon: | 4.375%
|
| Price: | 99.767
|
| Yield: | 4.459%
|
| Spread: | SOFR mid-swaps plus 46 bps, or Treasuries plus 36.2 bps
|
| Call: | Only after certain tax events at par plus accrued and unpaid interest
|
| Pricing date: | Feb. 7
|
| Settlement date: | Feb. 14
|
| Distribution: | SEC registered
|
| Price talk: | SOFR mid-swaps plus 48 bps area
|
| Cusip: | 87031CAJ2
|
|
|
© 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.
