ELEMENTS Linked to the MLCX Grains Index - Total Return
GRU
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- United States of America
- IPO Date
- Jan 2, 2009
- CIK
- 0000352960
- Similar Companies
- Business
- Swedish Export Credit Corporation (SEK), acting through its London Branch, issues exchange-traded notes (ETNs) under the ELEMENTS brand, including ELEMENTS Linked to the MLCX Grains Index - Total Return (ticker: GRU), which provides investors with exposure to the performance of a total return index tracking futures contracts on corn, soybeans, soy meal, and wheat; additional ELEMENTS ETNs cover commodities such as biofuels (FUE), livestock (LSO), precious metals (PMY), and gold (GOE), as well as sector momentum and Rogers International Commodity indices in agriculture, energy, and metals. Headquartered in Stockholm, Sweden, SEK was established as a state-owned policy company in 1978 to promote Swedish exports by offering financing solutions, export credits, guarantees, and loans to Swedish exporters, their subcontractors, and foreign buyers of Swedish goods and services; the company operates globally, with a focus on sustainable infrastructure, technology development, and high-risk markets across Europe, North America, Asia, and emerging regions. SEK serves institutional investors, corporations, and financial institutions through its ETN offerings listed primarily on NYSE Arca, alongside its core business in export credit financing that supports competitiveness in sectors like energy transition, digital economy, and heavy industry. In recent developments, SEK has deepened strategic partnerships and expanded financing activities, including a EUR 0.8 billion loan facility in July 2025 to National Grid Electricity Transmission plc for the Eastern Green Link 2 subsea transmission project connecting Scotland and England, advancing UK decarbonization efforts; additionally, in October 2025, SEK participated in a SEK 1.1 billion increase to Addnode Group AB's credit facility (totaling SEK 3.7 billion with Nordea and SEB) to support refinancing, acquisitions, and operations for the Swedish tech firm's international growth. The company reported record-high net interest income in 2023, driven by new customers and strengthened collaborations, while growing its sustainability-labeled lending portfolio; SEK also navigated challenges with its ELEMENTS ETNs by suspending new share issuances pending annual 20-F filings and managing delistings for certain products, with affiliates providing bid support for remaining outstanding notes like GRU, originally issued in February 2008 with a maturity of February 14, 2023. These initiatives underscore SEK's ongoing commitment to export promotion amid global energy transitions and economic shifts.