SOURCE: AB Svensk Exportkredit

June 25, 2008 08:24 ET

SEK has executed a Thai Baht bond

STOCKHOLM, SWEDEN--(Marketwire - June 25, 2008) -

SEK has executed a bond of 965 million Thai baht. The proceeds have been lent domestically to a Nordic company with significant production facilities in Thailand, thereby enabling a client access to an important competitive advantage, long term financing in local currency.

The proceeds of a Thai baht bond amounting to 965 million have been lent to a large Nordic company, with significant production facilities in Thailand, and thereby successfully providing local currency financing important for investments.

- To be able to provide our customers with long term local currency financing in Emerging Markets is an important competitive advantage, for SEK as well as for our clients. It reduces our customers' exposure to sudden changes in foreign exchange and interest rates and access to local currency is many times a requirement in order to be able to conduct business and make investments, says Johan Sverdrup, Senior Executive Emerging Markets at SEK.

SEK is one of only a few Nordic entities who have obtained authorization from the Thai government to issue local currency bonds. The Thai currency is not fully convertible and access to the capital market is controlled, all of which underlines the importance of access to Thai baht financing for business activities and investments in Thailand.

For further information please contact Johan Winlund, Head of Communications at SEK, +46 8 613 84 88.

SEK, Swedish Export Credit Corporation, is an independent institution, founded in 1962, and owned 100 percent by the Swedish State. SEK employs some 180 employees, with its head office in Stockholm and a representative office in Helsinki, Finland.

For over 45 years SEK has facilitated business for the Swedish trade and export industry by providing tailor made, long term, financial solutions for companies, the public sector, financial institutions and national and international investors. The company is involved in corporate lending, export credits, structured finance and financial advisory services.

SEK is also the largest Nordic borrower in the international capital markets with a broad range of investment opportunities. SEK is rated AA+ by Standard & Poor's and Aa1 by Moody's.

Further information can be obtained at SEK's home page

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