By Andrea Heisinger
New York, Sept. 24 - Swedbank AB priced $1 billion of 2.125% five-year notes on Monday at Treasuries plus 150 basis points, a market source said.
The notes (A2/A+/A+) were sold tighter than talk in the 160 bps area. Pricing was at 99.849 to yield 2.157%. There is no call option.
The deal was done under Rule 144A and Regulation S.
Bookrunners were Bank of America Merrill Lynch, Barclays and BNP Paribas Securities Corp.
The financial services company is based in Stockholm.
| Issuer: | Swedbank AB
|
| Issue: | Notes
|
| Amount: | $1 billion
|
| Maturity: | Sept. 29, 2017
|
| Bookrunners: | Bank of America Merrill Lynch, Barclays, BNP Paribas Securities Corp.
|
| Coupon: | 2.125%
|
| Price: | 99.849
|
| Yield: | 2.157%
|
| Spread: | Treasuries plus 150 bps
|
| Call: | Non-callable
|
| Distribution: | Rule 144A, Regulation S
|
| Trade date: | Sept. 24
|
| Settlement date: | Oct. 1
|
| Ratings: | Moody's: A2
|
| Standard & Poor's: A+
|
| Fitch: A+
|
| Price talk: | 160 bps area
|
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