By Laura Lutz
Des Moines, Feb. 28 - AB Svensk Exportkredit priced $5 million additional 0% Elements due Oct. 24, 2022 linked to the Rogers International Commodity Index - Total Return via underwriters Nuveen Investments and Merrill Lynch & Co., according to a 424B2 filing with the Securities and Exchange Commission.
This tranche, which priced at 121.179, brings the total deal size to $68.5 million
Originally, $4 million of the notes priced at par on Oct. 17. From then until Feb. 19, $59.5 million more of the notes priced at prices ranging from 101.426 to 118.137.
The offering can be increased up to the maximum $250 million that has been registered.
The index is a composite, dollar-based, total return index representing the value of a basket of commodities consumed in the global economy.
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 Jan. 22, 2008, holders may put back the notes for repurchase on a weekly repurchase date. There is a minimum put requirement of $5 million of securities.
The notes were approved for listing on the American Stock Exchange under the symbol "RJI."
| Issuer: | AB Svensk Exportkredit
|
| Issue: | Elements
|
| Underlying index: | Rogers International Commodity Index - Total Return
|
| Amount: | $68.5 million, upsized from $4 million
|
| Maturity: | Oct. 24, 2022
|
| Coupon: | 0%
|
| Price: | Par for $4 million; 121.179 for $5 million
|
| Payout at maturity: | Par plus the index return less an investor fee of 0.75% times the proportion of days elapsed
|
| Pricing dates: | Oct. 17 for $4 million; Feb. 25 for $5 million
|
| Settlement dates: | Oct. 24 for $4 million; Feb. 29 for $5 million
|
| Underwriters: | Nuveen Investments, Merrill Lynch & Co.
|
| Listing: | Amex: RJI
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