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Svensk plans $250 million Elements linked to Rogers International Commodity - Metals Total Return
By Jennifer Chiou
New York, Aug. 16 - AB Svensk Exportkredit plans to price $250 million of 0% Elements due 2022 linked to the Rogers International Commodity Index - Metals Total Return via agents Nuveen Investments and Merrill Lynch & Co., according to a 424B2 filing with the Securities and Exchange Commission.
Previously, the size of the issue was not indicated.
The index is a composite, dollar-based, total return index launched by James B. Rogers on July 31, 1998, representing the value of a basket of commodities consumed in the global economy, ranging from agricultural to metals and metals products.
At maturity, investors will receive par plus the index return, less an annual investor fee of 0.75% times the proportion of days elapsed.
Beginning 90 days after the issue date, holders may put back the notes for repurchase on a weekly repurchase date. There is a minimum put requirement of $5 million of securities.
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