SBAB Bank AB (publ) (SBAB) 2023-1

CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
SEK1,000.0003Feb-26SeniorBaa1BBB+-VariableSwaps-MS+120-1301204.41%-100.00000
SEK250.0003Feb-26SeniorBaa1BBB+-Floating3mSt-3mSt+120-1301203mSt+120-100.00000
SEK1,500.0005Feb-28SeniorBaa1BBB+-VariableSwaps-MS+150-1601554.43%-100.00000
SEK250.0005Feb-28SeniorBaa1BBB+-Floating3mSt-3mSt+150-1601553mSt+155-100.00000
Tranche Comments
3 yr: Redemption: 2025-02-03; Comments: SEK1bn 4-tr SNP. Baa1/BBB+. Nordea/SEB(B&D). Guidance 3NC2 MS+120/+130 FXD. Set MS+120, launch 1bn. Combined books 4.2bn+ ex JLM (highly skew to fxd NC2 & NC4). FTT directly. Reset Date: 2025-02-03. LEI: H0YX5LBGKDVOWCXBZ594; 3 yr: Redemption: 2025-02-03; Comments: SEK250m 4-tr SNP. Baa1/BBB+. Nordea/SEB(B&D). Guidance 3NC2 3mS+120/+130 FRN. Set 3mS+120, launch 250m. Combined books 4.2bn+ ex JLM (highly skew to fxd NC2 & NC4). FTT directly. LEI: H0YX5LBGKDVOWCXBZ594; 5 yr: Redemption: 2027-02-03; Comments: SEK1.5bn 4-tr SNP. Baa1/BBB+. Nordea/SEB(B&D). Guidance 5NC4 MS+150/+160 FXD. Set MS+155, launch 1.5bn. Combined books 4.2bn+ ex JLM (highly skew to fxd NC2 & NC4). FTT directly. Reset Date: 2027-02-03. LEI: H0YX5LBGKDVOWCXBZ594; 5 yr: Redemption: 2027-02-03; Comments: SEK250m 4-tr SNP. Baa1/BBB+. Nordea/SEB(B&D). Guidance 5NC4 3mS+150/+160 FRN. Set 3mS+155, launch 250m. Combined books 4.2bn+ ex JLM (highly skew to fxd NC2 & NC4). FTT directly. LEI: H0YX5LBGKDVOWCXBZ594;
Deal Comments
Non-Preferred Bond