Landshypotek Bank AB (publ) issues additional tier 1 notes of SEK 500 million

Landshypotek Bank AB (”Landshypotek”) has successfully issued additional tier 1 notes of SEK 500 million.

The notes are perpetual and carry a floating interest rate of 3-month Stibor + 270 bps per annum. The notes will be admitted to trading on the corporate bond list of Nasdaq Stockholm.

Landshypotek was founded in 1836 and is currently one of the ten largest lending banks in Sweden. The bank is deemed systemically important for the farming and forestry industries. Landshypotek Bank is owned by 34,000 farming and forestry customers who are organised as a cooperative association. The bank has almost 240 employees located at branches across Sweden.

Mannheimer Swartling advised Landshypotek on the transaction.

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