Skandinaviska Seb: Seb Issues Additional Tier 1 Capital
October 30 2019 - 3:00AM
Dow Jones News
TIDMSEBA
Press release
Stockholm 30 October 2019
SEB issues Additional Tier 1 Capital
SEB issues Additional Tier 1 Capital (AT1) to optimise its capital
structure. The USD 900 million issuance has a coupon of 5.125 per cent
and an issue price of 100 per cent.
The loan has no final maturity, but entail a possibility for the bank to
redeem the loan after 5.5 years, and any time thereafter. The issuance
is in the form of a debt instrument with automatic conversion into Class
A-shares if the Common Equity Tier 1 capital ratio of the bank falls
below a certain level.
The issuance of additional AT1 capital is part of SEB's capital
planning.
The issuance will be subscribed by and allotted to the joint lead
managers. The settlement date is 5 November 2019. The instruments will
be listed on Euronext Dublin.
For further information, please Press contact
contact Frank Hojem, Head of Corporate
Christoffer Geijer, Head of Investor Communication
Relations +46(0)70 763 9947
+46(0)70 1006 mailto:frank.hojem@seb.se frank.hojem@seb.se
mailto:christoffer.geijer@seb.se
christoffer.geijer@seb.se
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SEB is a leading Nordic financial services group with a strong
belief that entrepreneurial minds and innovative companies
are key in creating a better world. SEB takes a long-term perspective
and supports its customers in good times and bad. In Sweden
and the Baltic countries, SEB offers financial advice and a
wide range of financial services. In Denmark, Finland, Norway,
Germany and UK the bank's operations have a strong focus on
corporate and investment banking based on a full-service offering
to corporate and institutional clients. The international nature
of SEB's business is reflected in its presence in some 20 countries
worldwide. At 30 September 2019, the Group's total assets amounted
to SEK 3,046bn while its assets under management totalled SEK
1,943bn. The Group has around 15,000 employees. Read more about
SEB at http://www.sebgroup.com http://www.sebgroup.com.
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https://ml-eu.globenewswire.com/Resource/Download/4be782ba-c703-4500-ab70-598424b8546b
(END) Dow Jones Newswires
October 30, 2019 02:45 ET (06:45 GMT)
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