Swedbank repurchases SEK 1.85 billion of its notes in four tranches

By Tali David

Minneapolis, Feb. 25 - Swedbank AB completed an early repurchase of SEK 1,852,600,000 of its notes in four tranches, according to a news release.

The following were redeemed:

• SEK 300 million of its floating-rate notes (ISIN: XS0623388146) due May 7, 2013, leaving SEK 1.47 billion outstanding;

• SEK 683 million of its floating-rate notes (ISIN: XS0597815025) due March 1, 2013, leaving SEK 476 million outstanding;

• SEK 35 million of its floating-rate notes (ISIN: XS0672529855) due March 1, 2013, leaving SEK 565 million outstanding; and

• SEK 834.6 million of its 3.6% fixed-rate notes (ISIN: XS0428444466) due May 14, 2014, leaving SEK 1,948,800,000 outstanding.

The 3.6% notes were repurchased on Feb 21. The rest were repurchased on Feb. 20.

Swedbank is a financial services company based in Stockholm.

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