Swedbank issues Additional Tier 1 Capital (AT1) to optimise its capital
structure. The USD 650 million issuance has a coupon of 7.750 per cent and an
issue price of 100 per cent.
The loan is perpetual with a call option after 6.5 years. The issuance is in the
form of debt instruments with mandatory conversion into ordinary shares if the
regulatory capital of the bank decreases to a certain level.
The issuance will be subscribed by and allotted to the joint lead managers.
Settlement date is 13 February 2024. The instruments will be listed on the
Global Exchange Market regulated by the Irish Stock Exchange, Euronext Dublin.
Contact:
Peter Stenborn (peter.stenborn@swedbank.se), Investor Relations, +46 70 676 6092
Hannes Mård (hannes.mard@swedbank.se), Media Relations Manager, +46 73 057 4195
Swedbank AB (publ) is required to disclose this information pursuant to the
Swedish Securities Markets Act (2007:528), the Swedish Financial Instruments
Trading Act (1991:980) and the regulatory framework of Nasdaq Stockholm. This
information was sent to be published on 6 February 2024 at 22.00 CET.
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