By Cristal Cody
Tupelo, Miss., May 9 – Skandinaviska Enskilda Banken AB priced $1.75 billion of senior notes (Aa2/A+/AA-) in two tranches on Tuesday, according to an informed source.
The issuer sold $1.1 billion of three-year floating-rate notes at Libor plus 43 basis points.
The $650 million of 3.25% three-year fixed-rate notes priced with a spread of 65 bps over Treasuries.
BofA Merrill Lynch, Barclays, J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and Skandinaviska Enskilda Banken were the lead managers.
Skandinaviska Enskilda Banken is a Swedish financial group based in Stockholm.
| Issuer: | Skandinaviska Enskilda Banken AB
|
| Amount: | $1.75 billion
|
| Description: | Senior notes
|
| Bookrunners: | BofA Merrill Lynch, Barclays, J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and Skandinaviska Enskilda Banken
|
| Trade date: | May 8
|
| Ratings: | Moody’s: Aa2
|
| S&P: AA-
|
| Fitch: AA-
|
|
|
| Three-year floaters
|
| Amount: | $1.1 billion
|
| Maturity: | May 17, 2021
|
| Coupon: | Libor plus 43 bps
|
|
|
| Three-year notes
|
| Amount: | $650 million
|
| Maturity: | May 17, 2021
|
| Coupon: | 3.25%
|
| Spread: | Treasuries plus 65 bps
|
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