SBB issues hybrid bonds of SEK 100m
Samhällsbyggnadsbolaget i Norden AB (publ) (”SBB”) has issued hybrid bonds with a volume of SEK 100m under its existing framework of SEK 1,500m (ISIN SE0011642776), following continued demand from investors since the initial issue in September 2018. The issue price was 101.35% of the nominal value, corresponding to a margin of 606 basis points to first call, lower than the initial floating rate coupon of 3m Stibor + 635 basis points. Total volume outstanding under the framework is SEK 1,100m. The hybrid bonds are perpetual instruments and are reported as equity and will also strengthen