Commentary & Deal Flow

Swedish Export Credit Corporation (SEK) (100% owned by the Kingdom of Sweden) Aa1/AA+ (s/s) US$ benchmark SEC registered 3y global sr notes due 3/12/29. Citi/DB/HSBC/SEB/TD joint leads. Listing: Irish Stock Exchange's Regulated Market (Euronext Dublin). Law: New York Law. Denoms: 200k x 1k. Taking IOIs, expect tomorrow's business (3/5). Settle 3/12. IPTs: SOFR MS+34 area (currently equiv to ~CT3+13.3).

MANDATE: Swedish Export Credit Corporation (SEK) (100% owned by the Kingdom of Sweden), rated Aa1/AA+ (both stable), has mandated Citi, Deutsche Bank, HSBC, SEB and TD as joint lead managers for a 3 year USD SEC Registered Global Benchmark issue, Maturity date 12 March 2029, settlement date 12 March 2026 (T+5), Listing Irish Stock Exchange's Regulated Market (Euronext Dublin). New York Law. Denoms 200k+1k. Off the issuer's SEC Registered MTN Programme. Target Market (UK MIFIR / MIFID II product governance): Eligible Counterparties and Professionals (all distribution channels). The issue is expected to be launched in the near future, subject to market conditions. FCA/ICMA stabilization.