SEK’s mission means that, even in financially difficult times,we need to be able to provide our clients with lending. This requires extensive and reliable funding activity. SEK should also have a liquidity buffer that should not only withstand difficult borrowing conditions but also cover the sometimes very large outstanding tenders that SEK backs for Swedish exports. SEK assumes no refinancing risk and all credits are fully funded until maturity.
SEK’s borrowing consists of large global benchmark transactions, public bond issues, and private placements.
SEK is the only Swedish entity so far that has issued bonds on the global benchmark market. SEK’s transactions have been well received from investors around the world and SEK is a well-known issuer on both the Japanese and the US retail markets.
SEK is an experienced issuer of structured bonds, having been active in this area for almost 20 years. The performance of structured bonds is linked to the value of an underlying asset, such as equity, commodities, currencies or interest rates. SEK also issues credit-linked notes in which the amount that the investor receives depends on the ability of a third party to honor its payments. These products differ from the normal SEK bond issue since investors assume third-party risk, such as risk relating to a company or a state.
For information about funding in emerging markets, please refer to Emerging Markets
In 2010 SEK borrowed USD 11 billion in long-term funding.
Swedish Export Credit Corporation (publ) Klarabergsviadukten 61 - 63 P.O. Box 194 SE-101 23 Stockholm, Phone:+46 8 613 83 00 Email: email@example.com Org. No. 556084-0315