By Wendy Van Sickle and Cristal Cody
Columbus, Ohio, June 8 – Svenska Handelsbanken AB priced $2 billion of notes in three parts due in 2025 and 2027 on June 1, according to a market source.
A $350 million tranche of three-year floating-rate notes priced with a coupon of SOFR plus 91 basis points.
An $850 million tranche of 3.65% three-year notes priced at an 85 bps spread over Treasuries. The notes had been talked to yield in the Treasuries plus 105 bps area.
An $800 million tranche of 3.95% five-year notes priced at 105 bps over Treasuries. The notes had been talked to yield in the Treasuries plus 130 bps area.
BofA Securities, Citigroup, Goldman Sachs and Morgan Stanley are the bookrunners.
The Swedish bank is based in Stockholm.
| Issuer: | Svenska Handelsbanken AB
|
| Amount: | $2 billion
|
| Issue: | Notes
|
| Bookrunners: | BofA Securities, Citigroup, Goldman Sachs and Morgan Stanley
|
| Pricing date: | June 1
|
|
|
| 2025 floaters
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| Amount: | $350 million
|
| Maturity: | June 10, 2025
|
| Coupon: | SOFR plus 91 bps
|
|
|
| 2025 notes
|
| Amount: | $850 million
|
| Maturity: | June 10, 2025
|
| Coupon: | 3.65%
|
| Spread: | Treasuries plus 85 bps
|
| Talk: | Treasuries plus 105 bps area
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|
|
| 2027 notes
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| Amount: | $800 million
|
| Maturity: | June 10, 2027
|
| Coupon: | 3.95%
|
| Spread: | Treasuries plus 105 bps
|
| Talk: | Treasuries plus 130 bps area
|
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