SBAB Bank AB (publ) gives notice of early redemption of additional tier 1 capital notes with ISIN SE0012193779
SBAB Bank AB (publ) (”SBAB”) announces that it will carry out an early redemption of all outstanding floating rate additional tier 1 capital notes issued on 5 September 2019 with ISIN SE0012193779 with a current aggregate nominal amount outstanding of SEK 1,600,000,000 (the “Notes”) in accordance with the terms and conditions of the Notes (the “Terms and Conditions”).
SBAB will today, 5 of August 2024, send an irrevocable notice of early redemption to the noteholders of the Notes that the Notes will be redeemed in full by SBAB (the “Redemption”). The consent from the Swedish Financial Supervisory Authority has been obtained in accordance with the Terms and Conditions.
The Notes will be redeemed on 5 September 2024 (the “Redemption Date”), which corresponds to the first call date of the Notes under the Terms and Conditions and the record date for the Redemption will be 29 August 2024, (the “Record Date”), which corresponds to five business days prior to the Redemption Date.
The Notes will be redeemed at the price per Note equal to the nominal amount, i.e. SEK 2,000,000 per Note, together with accrued but unpaid interest. The redemption amount will be paid to each registered noteholder in the debt register, maintained by Euroclear Sweden AB, at end of business on the Record Date.
In connection with the Redemption the Notes will be delisted from Nasdaq Stockholm.
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For more information, please contact:
Fredrik Jönsson, Head of Treasury, SBAB
Phone +46 70 795 38 23
e-mail: fredrik.jonsson@sbab.se
Catharina Henriksson, Head of Press SBAB
Telephone: +46 76-118 79 14
E-mail: catharina.henriksson@sbab.se