STOCKHOLM, Sweden, March 5, 2002 (PRIMEZONE) -- SEK has launched a 5 year AUD 100 million bond with TD Securities as lead manager. The issue is mainly targeted to retail and institutional investors in Europe.
Terms and conditions in brief: -- Borrower: AB Svensk Exportkredit/ -- Swedish Export Credit Corporation -- Lead manager: TD Securities -- Co-leads: CBA, Deutsche, Dexia, Fortis, KBC IG -- Co-managers: AXA, BCEE, ING, Pru-Bache, Rabobank, WestLB -- Nominal amount: AUD 100,000,000 -- Issue date: March 26, 2002 -- Maturity date: March 26, 2007 -- Issue price: 100.638% -- Coupon: 6.00% -- Listing: Luxembourg
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 long-term debt rating from Standard & Poor's and Moody's, respectively, is AA+/Aa2.