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News January 30, 2024

Our first USD syndicated transaction in 2024

On January 25th, 2024, SEK successfully issued its first USD syndicated transaction in 2024, following an extremely strong USD market opening.

The transaction is a 5-year, USD 1 billion Global Benchmark fixed rate bond. Joint lead managers on the transaction were Barclays, Bank of America, Daiwa Capital Markets and Scotiabank.

– We are delighted, having been able to issue this year’s first USD transaction in a very strong market. We are grateful that the bond was extremely well supported by investors globally, says Louise Bergström, Funding & Investor Relations Director at SEK.

A strong book building process led to the largest orderbook ever on a USD benchmark for SEK,  in total amounting to more than USD 4.1bn. The book was well diversified and of high quality with more than 80 individual accounts participating.

– This transaction is the result of continuous investor dialogues and emphasizes the importance of persistence and strong relationships with key investors, says Louise Bergström.