New Issue: Swedish Export sells $1.4 billion 2.375% notes due 2022 at 99.752 to yield 2.428%

By Cristal Cody

Tupelo, Miss., March 2 – Swedish Export Credit Corp. (Aa1/AA+) sold $1.4 billion of 2.375% five-year notes at 99.752 to yield 2.428% on Thursday, according to an FWP filing with the Securities and Exchange Commission.

The notes priced with a spread of 44.55 basis points over Treasuries.

Bank of Montreal, London Branch, Daiwa Capital Markets Europe Ltd., Deutsche Bank AG, London Branch and Merrill Lynch International were the lead managers.

Swedish Export Credit is a Stockholm-based financial services company for the Swedish export industry.

Issuer:	Swedish Export Credit Corp.
Amount:	$1.4 billion
Description:	Notes
Maturity:	March 9, 2022
Bookrunners:	Bank of Montreal, London Branch, Daiwa Capital Markets Europe Ltd., Deutsche Bank AG, London Branch and Merrill Lynch International
Co-lead managers:	SMBC Nikko Capital Markets Ltd. and Tokai Tokyo Securities Europe Ltd.
Coupon:	2.375%
Price:	99.752
Yield:	2.428%
Spread:	Treasuries plus 40.55 bps
Call feature:	At par after certain tax events
Trade date:	March 2
Settlement date:	March 9
Ratings:	Moody’s: Aa1
	S&P: AA+
Distribution:	SEC Registered

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