SEK Issues a Tier 2 USD 250 million bond
SEK has issued a Tier 2 10 year Non Call 5 year 250 million bond. The bond was very well received by investors around the world. More than 40 investors participated in the transaction, which was oversubscribed. The majority of investors were from Europe and US. This funding transaction was carried out together with Bank of America Merrill Lynch, Goldman Sachs, HSBC and Nomura.
- We are very pleased with the transaction and also the great interest from significant investors, says Erik Hådén, Senior Director and Head of Treasury, SEK.
The breakdown by investor type was as follows:
| Asset Manager | 67% |
| Insurance companies and pension funds | 17% |
| Bank | 12% |
| Private bank | 4% |
The breakdown by region was as follows:
| Europe ex Nordics | 46% |
| US | 31% |
| Nordics | 14% |
| Middle East | 5% |
| Asia | 4% |
Please direct any questions to Erik Hådén or Petra Mellor, sek@funding.se or SEK's Head of Communications Edvard Unsgaard on +46 8 613 84 88
SEK continues to retain good capacity to support companies with long-term financing. Its conservative business model provides great reassurance for exporters. SEK matches its lending and borrowing, which means it incurs no refinancing risk. It is reassuring for exporters to know that when they obtain financing from SEK, SEK has already secured the necessary funding over at least the same maturity.