By Cristal Cody
Chicago, March 22 – Swedbank AB priced $750 million of 5.407% senior non-preferred notes due 2029 (Baa1/A-/AA-), according to a market source and a final term sheet.
The notes priced at par, or at Treasuries plus 133 basis points.
Initial talk was in the 155 bps area.
Citigroup Global Markets Inc., Goldman Sachs Bank Europe SE, J.P. Morgan Securities LLC, TD Securities (USA) LLC and Wells Fargo Securities, LLC were the bookrunners.
Proceeds are being used for general business purposes.
Swedbank is a banking group based in Sundbyberg, Sweden.
| Issuer: | Swedbank AB
|
| Amount: | $750 million
|
| Issue: | Senior non-preferred notes
|
| Maturity: | March 14, 2029
|
| Bookrunners: | Citigroup Global Markets Inc., Goldman Sachs Bank Europe SE, J.P. Morgan Securities LLC, TD Securities (USA) LLC and Wells Fargo Securities, LLC
|
| Coupon: | 5.407%
|
| Price: | Par
|
| Yield: | 5.407%
|
| Spread: | Treasuries plus 133 bps
|
| Call features: | Non-callable
|
| Trade date: | March 7
|
| Settlement date: | March 14
|
| Ratings: | Moody’s: Baa1
|
| S&P: A-
|
| Fitch: AA-
|
| Distribution: | Registered global notes
|
| Price talk: | Treasuries plus 155 bps area
|
| Cusip: | 87020PAY3
|
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