By Cristal Cody
Tupelo, Miss., March 18 – Skandinaviska Enskilda Banken AB priced $750 million of 3.05% senior notes due March 25, 2022 (Aa2/A+/AA-) at a spread of 68 basis points over Treasuries on Monday, according to a market source.
Price guidance was in the Treasuries plus 70 bps area, plus or minus 2 bps. The notes were initially talked to price in the high 70 bps spread area.
BofA Merrill Lynch, Barclays, Goldman Sachs & Co. 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: | $750 million
|
| Description: | Senior notes
|
| Maturity: | March 25, 2022
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| Bookrunners: | BofA Merrill Lynch, Barclays, Goldman Sachs & Co. LLC, Morgan Stanley & Co. LLC and Skandinaviska Enskilda Banken
|
| Coupon: | 3.05%
|
| Spread: | Treasuries plus 68 bps
|
| Trade date: | March 18
|
| Ratings: | Moody’s: Aa2
|
| S&P: A+
|
| Fitch: AA-
|
| Price guidance: | Treasuries plus 70 bps area, plus or minus 2 bps; initial price guidance in high 70 bps area
|
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