STOCKHOLM, Sweden, Sept. 18, 2002 (PRIMEZONE) -- Svensk Exportkredit AB (SEK) issued its first benchmark transaction for the year 2002 on September 17th. The original size of the transaction was USD 500 million. The day after launch the amount was increased to USD 600 million due to good demand. Nomura is lead manager.
Terms and conditions in brief:
Borrower: AB Svensk Exportkredit/Swedish Export Credit Corporation
Lead manager: Nomura
Coleads: CSFB, Daiwa, Mizuho, SSSB, TD Securities, UBS Warburg
Nominal amount: USD 600,000,000
Issue date: 30 September 2002
Maturity date: 30 September 2005
Issue price: 99.865%
Coupon: 3.00%
Listing: London
For further information, please contact Johanna Clason, Executive Director and Treasurer (468613 83 72)
SEK is owned by the Swedish State (approximately 65%) and the global technology company ABB (approximately 35%). SEK's objective is to engage in financing activities and in connection therewith primarily promote the development of Swedish commerce and industry and Swedish export industry as well as otherwise engaging in Swedish and international financing activities on commercial grounds. Credits are granted at fixed or floating interest rates. SEK funds its activities primarily by issues in the international capital markets. SEK's balance sheet and assets are of high quality. SEK's longterm debt rating from Standard & Poor's and Moody's, respectively, is AA/Aa2.