SEK strong in the U.S. and first in Turkey

SEK has started the year with major activity in the capital markets. 

Yesterday, Thursday, January 20, 2005, SEK's priced its third global bond issue during the past 12 months. This is a USD 1 billion bond with a maturity of just over 5 years. Joint lead managers are the three international banks Goldman Sachs, Lehman Brothers and UBS. Once again, there is major participation from U.S. investors, but a large number of European and Asian investors are also subscribers.

Richard Anund, Head of Funding at SEK: "This issue confirms SEK's strong position in the international capital market. We have excellent access to an international market which results in highly cost-effective borrowing for SEK."

Earlier this year, SEK was the first Swedish issuer to issue a bond in the new Turkish lira. The YTL 75 million issue corresponds to almost Skr 400 million.

Richard Anund concludes: "This transaction is an expression of SEK's aim to be in the forefront when new capital markets develop. The high interest rate situation in Turkey, the issue has a coupon of 14.75%, makes it attractive to many investors. Effective borrowing activities provide excellent opportunities for SEK to carry out its assignment which is to promote the international competitiveness of trade and industry."

For further information, please contact

Per Åkerlind, CFO, +46 8 613 8367
Richard Anund, Head of Funding, +46 8 613 8351