Svea Bank explores the possibility to issue additional tier 1 bonds
Svea Bank AB (the “Company”) has mandated DNB Markets to arrange fixed income investor meetings on Tuesday 7 March 2023. Subject to, inter alia, prevailing market conditions and a final decision by the Company, an additional tier 1 capital bond issuance of up to SEK 300 million may follow (the “Bonds” or the “Bond Issue”).
The Bonds are expected to have a perpetual maturity with a first call option after 5 years, subject to consent by the Swedish FSA. The Bonds are further expected to be structured so as to fulfill the requirements for being additional tier 1 capital (AT1) under the EU capital requirements regulation.
DNB Markets acts as sole bookrunner and Vinge as legal counsel in relation to the contemplated Bond Issue.
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About Svea Bank AB (publ)
Svea Bank AB (publ) is a financial company group with operations in several European countries. With 40 years of experience in helping companies with their liquidity, we are a natural choice for many entrepreneurs when they need a financing partner. Svea shall be a leading financial company in Europe.
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