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SWEDISH EXPORT CREDIT PRICES ISSUE IN U.S. MARKET

 NEW YORK, Aug. 23 /PRNewswire/ -- Swedish Export Credit (SEK) has today priced a $150 million issue of exchangeable preferred capital securities in the United States market. This issue will be listed on the New York Stock Exchange and is expected to be rated Aa3/AA- by Moody's and Standard & Poor's. The coupon is 7-3/8 percent payable on a quarterly basis. The issue is lead managed by Morgan Stanley & Co. Incorporated. SEK has the option to exchange the securities into non-cumulative preference shares at any time.
 SEK is the first Swedish issuer to raise this type of capital in the U.S. market and its cost is the lowest to date for any non-U.S. issuer.
 This issue will provide long-term capital for SEK as well as acting as a natural hedge for SEK's long-term, dollar-based assets.
 -0- 8/23/93
 /CONTACT: Bo Marking or Per Akerlind of Swedish Export Credit, 01-468-613-8300/


CO: Swedish Export Credit ST: IN: SU:

PS-TS -- NY011 -- 4946 08/23/93 09:29 EDT
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Publication:PR Newswire
Date:Aug 23, 1993
Words:168
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