SEK has executed a Thai baht bond

SEK has executed a bond of 965 million Thai baht, thereby enabling access to an important competitive advantage, long term financing in local currency.

A Thai baht bond amounting to 965 million have been executed by SEK and thereby successfully enabeling SEK to provide local currency financing important for investments.

-   To be able to provide our customers with long term local currency financing in Emerging Markets is an important competitive advantage, for SEK as well as for our clients. It reduces our customers´ exposure to sudden changes in foreign exchange and interest rates and access to local currency is many times a requirement in order to be able to conduct business and make investments, says Johan Sverdrup, Senior Executive Emerging Markets at SEK.

SEK is one of only a few Nordic entities who have obtained authorization from the Thai government to issue local currency bonds. The Thai currency is not fully convertible and access to the capital market is controlled, all of which underlines the importance of access to Thai baht financing for business activities and investments in Thailand.

For further information please contact Johan Winlund, Head of Communications at SEK, +46 8 613 84 88.