SEK has been granted permission to issue baht-denominated bonds

As one of only a few foreign applicants, SEK has yet again been granted permission to issue baht-denominated bonds in Thailand. SEKs ability to keep providing local currency financing is an important competitive advantage for Swedish companies investing in the Thai market.

The permission lets SEK raise up to 4.0 million baht (approximately 120 million USD) and is valid until August 15, 2010.  SEK has thus secured its ability to provide local currency financing in Thailand, which is imperative for Swedish companies investing in Thailand. SEK is one of only a few foreign institutions able to offer its clients Thai baht financing:

-  Local currency is a significant competitive advantage for Swedish exporting companies on the increasingly important Thai market, says Johan Sverdrup, Director and Senior Executive Emerging Markets at SEK.

Since the Thai currency is not fully convertible and the capital market is regulated, Thai baht financing is imperative for business activities and investments in Thailand.

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