By Aleesia Forni
Virginia Beach, Sept. 21 – Swedish Export Credit Corp. priced a $600 million issue of floating-rate bonds (Aa1/AA+) at par to yield Libor plus 9 basis points on Monday, according to a market source and an FWP filed with the Securities and Exchange Commission.
The notes sold in line with price guidance.
Barclays, Citigroup Global Markets Inc. and TD Securities are the bookrunners.
Based in Stockholm, Swedish Export Credit is the lender to Sweden’s export industry.
| Issuer: | Swedish Export Credit Corp. (Svensk Exportkredit AB)
|
| Amount: | $600 million
|
| Description: | Floating-rate bonds
|
| Maturity: | 2017
|
| Bookrunners: | Barclays, Citigroup Global Markets Inc., TD Securities (USA) LLC
|
| Coupon: | Libor plus 9 bps
|
| Price: | Par
|
| Yield: | Libor plus 9 bps
|
| Trade date: | Sept. 21
|
| Settlement date: | Sept. 28
|
| Ratings: | Moody’s: Aa1
|
| Standard & Poor’s: AA+
|
| Price guidance: | Libor plus 9 bps area
|
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