Published on 8/4/2015 in the Prospect News Investment Grade Daily.
New Issue: Swedish Export Credit reopens floaters due 2017 to add $65 million
By Aleesia Forni
Virginia Beach, Aug. 4 – AB Svensk Exportkredit (Swedish Export Credit Corp.) reopened its issue of floating-rate notes due June 12, 2017 to add $65 million, according to an FWP filed with the Securities and Exchange Commission.
The notes have a coupon of Libor plus 18 basis points with a re-offer price of 100.307 to yield Libor plus 2 bps.
The lead manager was Goldman Sachs.
Based in Stockholm, Svensk is the lender to Sweden's export industry.
| Issuer: | Svensk Exportkredit AB
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| Issue: | Floating-rate notes, reopened
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| Amount: | $65 million
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| Maturity: | June 12, 2017
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| Bookrunners: | Citigroup Global Markets Inc.
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| Coupon: | Libor plus 18 bps
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| Price: | 100.307
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| Yield: | Libor plus 2 bps
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| Trade date: | Aug. 4
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| Settlement date: | Aug. 11
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| Total issuance: | $725 million, including $360 million sold on Jan. 7 and $300 million sold on June 10, 2013
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