Swedbank calls SEK 1.2 billion subordinated notes due 2028

By Mary-Katherine Stinson

Lexington, Ky., April 11 – Swedbank AB (publ) announced it has delivered redemption notices to holders of its SEK 1.2 billion non-callable subordinated fixed-to-floating rate notes due 2028 (ISIN: XS1816641937) on Tuesday, according to a notice.

All outstanding notes will be redeemed on May 8 at their remaining outstanding principal amount together with accrued interest.

Interest will cease to accrue on the redemption date.

The notes will be delisted from Euronext Dublin after redemption.

The notes were issued under Swedbank’s global medium-term note program.

Swedbank is a Stockholm-based full-service Nordic-Baltic banking group.

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