SBAB announces SEK 3.84 billion redemption from two series of notes

By Ashley Montgomery

Kansas City, Kan., Jan. 5 - SBAB Bank AB said it will redeem a total of SEK 3,842,000,000 from its series 00l notes and series 2 floating-rate notes on Jan. 9.

The following issues are affected:

• SEK 2,731,000,000 of series 001 notes due Jan 18, 2012, leaving an outstanding balance of SEK 2,481,000,000; and

• SEK 1,111,000,000 of series 2 floating-rate notes due Jan. 18, 2012, leaving an outstanding balance of SEK 120 million.

SBAB is a Stockholm-based provider of loans and savings services.

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