By Cristal Cody
Tupelo, Miss., Dec. 4 – Skandinaviska Enskilda Banken AB sold $1.75 billion of senior notes (Aa2/A+/AA-) in two tranches on Wednesday, according to a market source.
A $500 million offering of three-year floating-rate notes priced at Libor plus 64.5 basis points.
SEB sold $1.25 billion of 2.2% three-year fixed-rate notes at a spread of 62 bps over Treasuries.
BofA Securities, Inc., Deutsche Bank Securities Inc., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and Skandinaviska Enskilda Banken were the bookrunners.
Skandinaviska Enskilda Banken is a Swedish financial group based in Stockholm.
| Issuer: | Skandinaviska Enskilda Banken AB
|
| Amount: | $1.75 million
|
| Description: | Senior notes
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| Bookrunners: | BofA Securities, Inc., Deutsche Bank Securities Inc., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and Skandinaviska Enskilda Banken
|
| Trade date: | Dec. 4
|
| Ratings: | Moody’s: Aa2
|
| S&P: A+
|
| Fitch: AA-
|
|
|
| Three-year floaters
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| Amount: | $500 million
|
| Maturity: | Dec. 12, 2022
|
| Coupon: | Libor plus 64.5 bps
|
|
|
| Three-year notes
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| Amount: | $1.25 billion
|
| Maturity: | Dec. 12, 2022
|
| Coupon: | 2.2%
|
| Spread: | Treasuries plus 62 bps
|
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