SBAB Bank to redeem SEK 1.03 billion of floating-rate notes due 2012

By Ashley Montgomery

Kansas City, Kan., Dec. 16 - SBAB Bank AB said it would redeem SEK 1,034,000,000 of its floating-rate notes on Dec. 20.

The following notes are affected:

• SEK 384 million of series 549 floating-rate notes due March 19, 2012;

• SEK 100 million of series 556 floating-rate notes due March 9, 2012;

• SEK 250 million of series 558 floating-rate notes due Aug. 27, 2012; and

• All SEK 300 million of outstanding series 562 floating-rate notes due June 13, 2012.

SBAB is a Stockholm-based provider of loans and savings services.

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