SBAB Bank AB (publ) issues additional tier 1 notes amounting to SEK 1.3 billion
SBAB Bank AB (publ) (“SBAB”) has successfully issued additional tier 1 notes amounting to SEK 1.3 billion.
The notes are perpetual, carry a floating interest rate and intends to be admitted to trading 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. The firm’s team consisted of Gustav Glimblad, Emelie Skoogh Sjölund and Markus Forkman.
