SEB yesterday conducted the issuance of 750 million pounds in a
five-year bond at an interest rate corresponding to mid-swaps +290
basis points. The loan was oversubscribed by more than 50 percent and
more than 150 investors subscribed to the issue.
"Interest in the issue was very high. It was the biggest sterling
order book of senior bonds seen so far this year", says Anders Kvist,
Head of Group Treasury.
The sterling issue is one of several large loans SEB has issued since
the end of March. By the issuances the stability of SEB's long-term
funding base is ensured and they secure the opportunity to support
the bank's customers in the current economic climate.
SEB is a North European financial group serving some 400,000
corporate customers and institutions and five million private
individuals. SEB offers universal banking services in Sweden, Germany
and the Baltic countries - Estonia, Latvia and Lithuania. It also has
local presence in the other Nordic countries, Ukraine and Russia and
a global presence through its international network in major
financial centres. On 31 March 2009, the Group's total assets
amounted to SEK 2,460bn (~EUR 225bn) while its assets under
management totalled SEK 1,187bn (~EUR 108bn).The Group has about
21,000 employees. Read more about SEB at www.sebgroup.com
_____________________________________________
For further information, please contact:
Ulf Grunnesjö, Head Investor Relations, +46 (0)70 763 8501
Elisabeth Lennhede, Press & PR Officer, +46 (0)8 763 9916, +46 (0)70
763 9916
This announcement was originally distributed by Hugin. The issuer is
solely responsible for the content of this announcement.
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