April 2, 2013 - Assignment

Länsförsäkringar Bank issues SEK 1,100 million Tier 2 subordinated callable notes

Länsförsäkringar Bank AB (publ) has issued SEK 1,100 million Tier 2 notes due 2023 at a floating interest rate of 2.50 per cent above 3-month STIBOR. The notes were issued on a 10 year non-call five basis. Application for listing of the notes on NASDAQ OMX Stockholm will be made.

Länsförsäkringar Bank is the fifth largest retail bank in Sweden offering a full range of banking services to private individuals, farmers and small businesses.

Länsförsäkringar Bank was advised by Mannheimer Swartling. Mattias Lampe led the firm’s team consisting of Jonas Lindqvist, Therese Jansson and Viktor Nykvist.