By Wendy Van Sickle and Cristal Cody
Columbus, Ohio, June 7 – Swedish Export Credit Corp. priced $1 billion of 4.125% notes due 2028 at 99.54 to yield 4.228% on Wednesday, according to an FWP filed with the Securities and Exchange Commission.
The spread priced at 53 basis points over SOFR mid-swaps. Price talk was in the SOFR mid-swaps plus 55 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, BNP Paribas, Citigroup Global Markets Europe AG and Scotiabank (Ireland) DAC are the joint lead managers.
The order book was above $1.4 billion.
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 billion
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| Issue: | Notes
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| Maturity: | June 14, 2028
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| Joint lead managers: | Bank of Montreal Europe plc, BNP Paribas, Citigroup Global Markets Europe AG and Scotiabank (Ireland) DAC
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| Coupon: | 4.125%
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| Price: | 99.54
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| Yield: | 4.228%
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| Spread: | SOFR mid-swaps plus 53 bps
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| Pricing date: | June 7
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| Settlement date: | June 14
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| Distribution: | SEC registered
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| Price talk: | SOFR mid-swaps plus 55 bps area
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| Cusip: | 87031CAL7
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