Swedish Export Credit to sell $1.25 billion five-year notes at mid-swaps plus 18 bps

By Devika Patel

Knoxville, Tenn., March 7 – Swedish Export Credit Corp.’s (Aa1/AA+) planned five-year global notes will price for $1.25 billion at mid-swaps plus 18 basis points, according to a market source.

The order book for the offering is in excess of $2 billion. The books closed on Wednesday.

Initial price talk was in the mid-swaps plus 20 bps area.

The notes will be registered with the U.S. Securities and Exchange Commission.

Barclays, BNP Paribas Securities Corp., BofA Merrill Lynch and HSBC Securities (USA) Inc. are the lead bookrunners for the notes.

Settlement is expected March 14.

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

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