By Cristal Cody
Tupelo, Miss., April 2 – Swedish Export Credit Corp. (Aa1/AA+) sold $1 billion of 2.375% two-year global notes on Tuesday at 99.839 to yield 2.458%, according to a market source and an FWP filing with the Securities and Exchange Commission.
The notes priced at mid-swaps plus 4 basis points, or a Treasuries plus 15.6 bps spread. The issue was initially talked to price in the mid-swaps plus 6 bps area.
Bank of Montreal, London Branch., Daiwa Capital Markets Europe Ltd., NatWest Markets plc and Scotiabank Europe plc 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: | April 9, 2021
|
| Bookrunners: | Bank of Montreal, London Branch., Daiwa Capital Markets Europe Ltd., NatWest Markets plc and Scotiabank Europe plc
|
| Coupon: | 2.375%
|
| Price: | 99.839
|
| Yield: | 2.458%
|
| Spread: | Mid-swaps plus 4 bps, or Treasuries plus 15.6 bps
|
| Trade date: | April 2
|
| Settlement date: | April 9
|
| Ratings: | Moody’s: Aa1
|
| S&P: AA+
|
| Distribution: | SEC registered
|
| Price guidance: | Mid-swaps plus 6 bps area
|
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