By Andrea Heisinger
New York, March 13 - Skandinaviska Enskilda Banken AB priced $1.25 billion of 1.75% five-year notes (A1/A+/A+) Wednesday at Treasuries plus 100 basis points, an informed source said.
The size was projected to be $750 million to $1 billion, the source said. Guidance was in the 105 bps to 110 bps over Treasuries range.
Pricing was at 99.425 to yield 1.871%. There is no call option.
The sale was done under Rule 144A and Regulation S.
Bookrunners were BofA Merrill Lynch, Barclays, Citigroup Global Markets Inc. and Deutsche Bank Securities Inc.
The financial services company is based in Stockholm.
| Issuer: | Skandinaviska Enskilda Banken AB
|
| Issue: | Notes
|
| Amount: | $1.25 billion, increased from $750 million to $1 billion range
|
| Maturity: | March 19, 2018
|
| Bookrunners: | BofA Merrill Lynch, Barclays, Citigroup Global Markets Inc., Deutsche Bank Securities Inc.
|
| Co-manager: | SEB
|
| Coupon: | 1.75%
|
| Price: | 99.425
|
| Yield: | 1.871%
|
| Spread: | Treasuries plus 100 bps
|
| Call: | Non-callable
|
| Distribution: | Rule 144A, Regulation S
|
| Trade date: | March 13
|
| Settlement date: | March 19
|
| Ratings: | Moody's: A1
|
| Standard & Poor's: A+
|
| Fitch: A+
|
| Price talk: | 105 bps to 110 bps
|
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