SEK executes Thai Baht bonds



SEK has executed two bonds totaling 4 billion Thai baht, and thereby
enabling Swedish companies with production facilities in Thailand
access to an important competitive advantage, long term financing in
local currency.

- Access to local currency in emerging markets reduces our customers'
exposure to sudden changes in foreign exchange and interest rates. It
is many times also a requirement in order to be able to conduct
business and make investments, says Miriam Bratt, Executive Director,
Emerging Markets, SEK.

Lead managers for both transactions are Calyon Bangkok Branch,
Citicorp Securities (Thailand) Limited and The Siam Commercial Bank
Public Company Limited.


Bond No. 1
Volume:            THB 2 billion
Coupon:            Floating Rate Note 3 m FDR + 120 bp
Tenor:             3 years
Bond No. 2
Volume:            THB 2 billion
Coupon:            4.25%
Tenor:             5 years


SEK is one of only a few Nordic entities who have obtained
authorization from the Thai government to issue local currency bonds.
The Thai currency is not fully convertible and access to the capital
market is controlled, all of which underlines the importance of
access to Thai baht financing for business activities and investments
in Thailand.

For further information please contact Johan Winlund, Head of
Communications at SEK,

+46 8 613 84 88.

Attachments

Press release PDF.pdf