Swedish Export Credit Corporation

Swedish Export Credit Corporation (SEK) mandated four banks to run a five year global issue on Tuesday afternoon, while Rentenbank hit the upper limit of its size target with its first dollar benchmark of the year.

Rentenbank mandated for its first benchmark trade of 2013 on Monday afternoon, opting for a five year dollar global. The deal is likely to benefit from a lack of competing supply from major SSA issuers, according to bankers away from the trade. Svenska Exportkredit is also thought to be considering a five year dollar bond.

Local currencies are set to form a greater part of Swedish Export Credit Corporation’s funding next year. Its clients, Swedish companies, are increasingly looking to fund in new currencies as international demand for their products rises.

Svensk Exportkredit (SEK) has priced a five year Reg S floater on Monday afternoon, seeing a lack of dealer inventory in that product as an opportunity to edge closer to completing their funding for the year.

SEK priced a C$100m ($99.8m) Eurobond on Tuesday — the borrower’s only outstanding Canadian dollar issue in the format.

SEK and FMS Wertmanagement printed in sterling on Thursday. Both deals were heavily oversubscribed and increased.

Swedish Export Credit Corporation (SEK) sold its largest Brazilian real denominated trade in six months, appealing to yield hungry investors looking to reinvest redemption proceeds.