Swedbank issues Additional Tier 1 Capital

Swedbank issues Additional Tier 1 Capital (AT1) to optimise its capital structure. The USD 500 million issuance has a coupon of 4.000 per cent and an issue price of 100 per cent.

The loan is perpetual with a call option after 8 years. The issuance is in the form of debt instruments with mandatory conversion into ordinary shares if the regulatory capital of the bank decreases to a certain level.

The issuance will be subscribed by and allotted to the joint lead managers. Settlement date is 25 August 2021. The instruments will be listed on the Global Exchange Market regulated by the Irish Stock Exchange, Euronext Dublin.

For further information, please contact:

Peter Stenborn, Investor Relations, Swedbank, tel: +46 70 676 60 92, peter.stenborn@swedbank.com
Magnus Alvesson, Investor Relations, Swedbank, tel: +46 70 610 33 41, magnus.alvesson@swedbank.com
Unni Jerndal, Head of Group Press Office, Swedbank, tel: +46 73 092 11 80, unni.jerndal@swedbank.com

Swedbank AB (publ) is required to disclose this information pursuant to Regulation (EU) No 596/2014 on market abuse, the Swedish Securities Markets Act (2007:528), the Swedish Financial Instruments Trading Act (1991:980) and the regulatory framework of Nasdaq Stockholm. This information was sent to be published on August 18, 2021 at 20.30 CET.

Swedbank encourages a sound and sustainable financial situation for the many households and businesses. As a leading bank in our home markets of Sweden, Estonia, Latvia and Lithuania, Swedbank offers a wide range of financial services and products. Swedbank has over 7 million retail customers and around 600 000 corporate customers and organisations with 154 branches in Sweden and 80 branches in the Baltic countries. The group is also present in other Nordic countries, the US and China. Read more at www.swedbank.com