SEK has received permission to effect the call of Tier 2 capital
On 14 November, 2013, SEK issued the following Tier 2 instrument: ”USD 250,000,000 Fixed Rate Resettable Dated Subordinated Instruments due 14 November 2023” (below ”EMTN 5487”). The terms and conditions entitles SEK, as issuer, to call EMTN 5487 on 14 November 2018 (such issuer’s call being market standard for these kind of instruments). By the relevant regulation follows that an issuer shall require the prior permission of the competent authority to effect the call of a Tier 2 instrument. A couple of weeks ago, SEK required such prior permission from its competent authority (