2009-07-03

SEB's bond issue oversubscribed

SEB yesterday conducted the issuance of 750 million pounds in a five-year bond at an interest rate corresponding to mid-swaps +290 basis points. The loan was oversubscribed by more than 50 percent and more than 150 investors subscribed to the issue.

"Interest in the issue was very high. It was the biggest sterling order book of senior bonds seen so far this year", says Anders Kvist, Head of Group Treasury.

The sterling issue is one of several large loans SEB has issued since the end of March. By the issuances the stability of SEB's long-term funding base is ensured and they secure the opportunity to support the bank's customers in the current economic climate.