Swedish Export Credit Corporation is selling $1,250,000,000 of 4.500% fixed-rate notes at 99.584%, generating $1,243,237,500 in net proceeds for general corporate purposes. Investors receive interest through June 11, 2031, with payments beginning December 11, 2026, while the notes are intended for eligible counterparties and professional clients.

Key Highlights

  • The fixed-rate notes mature on June 11, 2031, with interest payable each June 11 and December 11.
  • Net proceeds to Swedish Export Credit Corporation are $1,243,237,500 after a $1,562,500 Underwriting discount.
  • Barclays, BNP PARIBAS, BofA Securities and Scotiabank each agreed to purchase $312,500,000 of notes.

Swedish Export Credit Corporation is offering $1,250,000,000 ($1.25 billion) of fixed-rate notes at 99.584% of principal value. The notes are expected to be delivered to investors on or about September 11.

$1.25B Fixed-Rate Offering

The notes carry a 4.500% fixed Interest Rate and will pay interest in arrears on June 11 and December 11. The first payment is scheduled for December 11, 2026, and will cover a short initial coupon period. The securities cannot be redeemed before Maturity except for tax reasons. They also do not include a sinking fund. Applications will be made for admission to the official list of Euronext Dublin. Distribution is aimed at eligible counterparties and professional clients under the MiFID II target-market assessment. Delivery is expected through The Depository Trust Company, Clearstream Banking and Euroclear Bank on or about September 11.

Pricing And Proceeds

The initial public offering price totals $1,244,800,000 ($1.245 billion), equal to 99.584% of the notes’ aggregate principal amount. The underwriting discount is 0.125%, or $1,562,500. After that discount, proceeds to SEK are 99.459% of principal, or $1,243,237,500 ($1.243 billion). The pricing supplement is dated September 3, 2026. Barclays Bank Ireland PLC, BNP PARIBAS, BofA Securities Europe SA and Scotiabank (Ireland) Designated Activity Company are acting as joint lead managers. Each manager agreed to purchase $312,500,000 of the notes, together accounting for the full $1,250,000,000 principal amount.

Corporate-Purpose Funding

SEK expects to use the $1,243,237,500 in net proceeds for general corporate purposes. The terms state that no assurance can be given about the Liquidity of a trading market for the securities.

September 11 Delivery Date

Stabilization transactions or over-allotments may occur under applicable laws and rules, although stabilization is not assured. The notes are scheduled for delivery to investors on or about September 11, through DTC, Clearstream Luxembourg and Euroclear. Interest payments then begin on December 11, 2026, before continuing through the June 11, 2031 maturity date.