New Issue: Svenska Handelsbanken prices $1.4 billion 3.9% five-year notes at 95 bps spread

By Cristal Cody

Tupelo, Miss., Nov. 13 – Svenska Handelsbanken AB priced $1.4 billion of 3.9% five-year notes (Aa2/AA-/AA) at a spread of 95 basis points over Treasuries on Tuesday, according to a market source.

The notes were initially talked to price in the 105 bps to 110 bps over Treasuries area.

BofA Merrill Lynch, Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC were the bookrunners.

The bank is based in Stockholm.

Issuer:	Svenska Handelsbanken AB, New York Branch
Amount:	$1.4 billion
Maturity:	Nov. 20, 2023
Description:	Notes
Bookrunners:	BofA Merrill Lynch, Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC
Coupon:	3.9%
Spread:	Treasuries plus 95 bps
Trade date:	Nov. 13
Ratings:	Moody’s: Aa2
	S&P: AA-
	Fitch: AA
Price talk:	Treasuries plus 105 bps to 110 bps area

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