LONDON - Morgan Stanley & Co (NYSE:MS). International plc, acting as the Coordinating Stabilisation Manager, announced today that no stabilisation was undertaken in relation to the recently offered USD floating rate notes by Aktiebolaget Svensk Exportkredit (publ), also known as the Swedish Export Credit Corporation (SEK). The securities in question, with an aggregate nominal amount of US$500,000,000 and due in 2027, were offered at 101.537% of their nominal value.
The pre-stabilisation period announcement, initially made on October 28, 2024, indicated the possibility of stabilisation activities, which are measures typically undertaken by underwriters to support the market price of securities after their initial offering. However, such actions were not required for SEK's securities, as disclosed by the Stabilisation Manager(s) which, in addition to Morgan Stanley, included Citigroup (NYSE:C) Global Markets Europe AG and HSBC Bank plc.
The notice also clarified that the securities have not been registered under the United States Securities Act of 1933 and, therefore, may not be offered or sold in the United States absent registration or an exemption from registration. Consequently, there has not been and will not be a public offering of the securities in the United States.
The information provided in this announcement, which is based on a press release statement, is solely for informational purposes and does not constitute an offer to underwrite, subscribe for, or otherwise acquire or dispose of any securities of the Issuer in any jurisdiction. The announcement is not an offer of securities for sale into the United States.
The Swedish Export Credit Corporation is known for providing financial solutions on commercial terms by offering export credits to buyers and financial institutions worldwide, aiming to facilitate Swedish export companies' international sales and investments. The absence of stabilisation activities suggests that the market has responded favorably to the offering, reflecting investor confidence in the securities issued by SEK.
This announcement is disseminated by RNS, the news service of the London Stock Exchange (LON:LSEG), and is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom (TADAWUL:4280).
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