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 7.625 per cent and an issue price of 100 per cent.

The loan is perpetual with a call option after 5.5 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 23 February 2023. The instruments will be listed on the Global Exchange Market regulated by the Irish Stock Exchange, Euronext Dublin.
 

 

This disclosure contains information that Swedbank is obliged to make public pursuant to the Swedish Securities Markets Act (2007:528), the Swedish Financial Instruments Trading Act (1991:980) and the regulatory framework of Nasdaq Stockholm. The information was submitted for publication, through the agency of the contact person, on 2023-02-16 21:30 CET.



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