SEK provides BNDES with US$ 100 million loan

Swedish Export Credit Corporation (SEK) has provided The Brazilian Development
Bank (BNDES) with a five-year loan of USD 100 loan The BNDES is the main
financing agent for development in Brazil. Since its foundation, in 1952, the
BNDES has played a fundamental role in stimulating the expansion of industry and
infrastructure in the country.

The contract was signed in Washington on October 11th, at the occasion of the
2014 Annual Meetings of the International Monetary Fund and the World Bank
Group.

Resources are to be earmarked, but not limited to, for investment projects in
Brazil of interest to both countries, including subsidiaries and suppliers to
Swedish companies, as well as joint ventures between firms from both nations.
There are over 200 Swedish subsidiaries in Brasil with approximately USD 50
billion in sales between them. The size and potential of the Brasilian market
attract a continuous flow of new Swedish companies and encourage already
established companies to look for new ways to grow on the market. The ambition
is that this agreement will facilitate this development. This loan finances
business with Swedish interest in Brasil.

The BNDES has maintained partnerships with governmental agencies and
multilateral support institutions since the 1950s, aimed at expanding sources of
financing and diversifying operations with international organisms.

This is the first operation between the BNDES and the SEK. It is in accordance
with the BNDESs strategy to attract foreign investments to Brasil, besides
diversifying markets and the sources of capital. The loan from SEK will play an
important role in boosting the amount of Swedish resources in projects in
Brazil, and the accord paves the way for new operations between the two
institutions.

ABOUT SEK
SEK, founded in 1962, is a Swedish state-owned company that provides sustainable
financial solutions for Swedish exporters. Currently, it has a credit portfolio
of US$ 33.2 billion and assets of US$ 46.8 billion. SEK’s mission is to ensure
access to financial solutions for the Swedish export industry on commercial
terms. SEK’s aim is to provide an advantage and security for its clients through
its complementary role to, and in partnership with, banks. SEK has high
creditworthiness and strong ratings owing to its extensive experience of
controlled risk exposure, its solid balance sheet and a stable owner in the
Swedish government.

Contact
Edvard Unsgaard
Head of Communications, SEK
+46-706-21 84 88