By Aleesia Forni
New York, March 3 – Swedish Export Credit Corp. priced $1.2 billion of 1.75% five-year notes on Thursday at mid-swaps plus 59 basis points, according to a market source and an FWP filed with the Securities and Exchange Commission.
The notes (Aa1/AA+) were guided in the mid-swaps plus 60 bps area.
Pricing was at 99.52 to yield 1.851%, or Treasuries plus 50.7 bps.
Bookrunners were Mizho Securities, Morgan Stanley & Co. and TD Securities.
Based in Stockholm, Swedish Export Credit is the lender to Sweden’s export industry.
| Issuer: | Swedish Export Credit Corp.
|
| Amount: | $1.2 billion
|
| Description: | Notes
|
| Maturity: | March 10, 2021
|
| Bookrunners: | Mizho Securities, Morgan Stanley & Co., TD Securities
|
| Coupon: | 1.75%
|
| Price: | 99.52
|
| Yield: | 1.851%
|
| Spread: | Mid-swaps plus 59 bps, Treasuries plus 50.7 bps
|
| Trade date: | March 3
|
| Settlement date: | March 10
|
| Ratings: | Moody’s: A1
|
| Standard & Poor’s: AA+
|
| Distribution: | SEC registered
|
| Price guidance: | Mid-swaps plus 60 bps area
|
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