SBAB Bank to redeem SEK 2.45 billion in notes due 2025

By Taylor Fox

New York, Sept. 14 – SBAB Bank AB plans to redeem SEK 1.85 billion of its outstanding floating-rate callable subordinated notes due November 2025 (ISIN: XS1317716147) and SEK 600 million of its fixed- to floating-rate callable subordinated notes due November 2025 (ISIN: XS1317715842) for a total of SEK 2.45 billion, according to a news release.

The notes will be redeemed at a price equal to par plus interest.

The Bank of New York Mellon, London Branch is the paying agent.

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

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