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Published on 7/5/2011 in the Prospect News Investment Grade Daily.

New Issue: Svenska Handelsbanken sells $1.25 billion 3.125% five-year notes at Treasuries plus 145 bps

By Andrea Heisinger

New York, July 5 - Svenska Handelsbanken AB priced $1.25 billion of 3.125% five-year notes on Tuesday at Treasuries plus 145 basis points, an informed source said.

The notes (Aa2/AA-/AA-) were sold at 99.991 to yield 3.127%. They are non-callable.

Bookrunners were Bank of America Merrill Lynch, Citigroup Global Markets Inc., Goldman Sachs & Co. and Morgan Stanley & Co., Inc.

The financial services company and bank is based in Stockholm, Sweden.

Issuer:Svenska Handelsbanken AB
Issue:Notes
Amount:$1.25 billion
Maturity:July 12, 2016
Bookrunners:Bank of America Merrill Lynch, Citigroup Global Markets Inc., Goldman Sachs & Co., Morgan Stanley & Co., Inc.
Coupon:3.125%
Price:99.991
Yield:3.127%
Spread:Treasuries plus 145 bps
Call:Non-callable
Trade date:July 5
Settlement date:July 12
Ratings:Moody's: Aa2
Standard & Poor's: AA-
Fitch: AA-

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