By Cristal Cody
Tupelo, Miss., Oct. 31 – Swedish Export Credit Corp. (Aa1/AA+) sold $1 billion of 3.125% three-year global notes on Wednesday at 99.861 to yield 3.174%, according to a market source and an FWP filing with the Securities and Exchange Commission.
The notes due Nov. 8, 2021 priced on top of guidance at a spread of mid-swaps plus 6 basis points, or Treasuries plus 24.4 bps.
Barclays, Credit Agricole CIB, Deutsche Bank AG, London Branch and Merrill Lynch International were the bookrunners.
Swedish Export Credit is a Stockholm-based state-owned financial services company for the Swedish export industry.
| Issuer: | Swedish Export Credit Corp.
|
| Amount: | $1 billion
|
| Description: | Global medium-term notes
|
| Maturity: | Nov. 8, 2021
|
| Bookrunners: | Barclays, Credit Agricole CIB, Deutsche Bank AG, London Branch and Merrill Lynch International
|
| Coupon: | 3.125%
|
| Price: | 99.861
|
| Yield: | 3.174%
|
| Spread: | Mid-swaps plus 6 bps, or Treasuries plus 24.4 bps
|
| Call feature: | Only after certain tax events at par
|
| Trade date: | Oct. 31
|
| Settlement date: | Nov. 8
|
| Ratings: | Moody’s: Aa1
|
| S&P: AA+
|
| Distribution: | SEC registered
|
| Price guidance: | Mid-swaps plus 6 bps area
|
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