SBAB issues additional tier 1 notes
SBAB Bank AB (publ) issues perpetual Tier 1 instruments (additional tier 1 notes) amounting to SEK 1.5 billion in order to optimise the company’s capital structure and enable future growth. SBAB intends to apply for admission to trading of the new additional tier 1 notes on the corporate bond list of Nasdaq Stockholm.
Since its founding in 1985, SBAB has been wholly owned by the Swedish state. SBAB’s main business consists of lending in the Swedish residential mortgage market directed at individuals, tenant-owner associations and companies in the Swedish housing market.
SBAB was advised by Mannheimer Swartling in the transaction.