Swedbank AB (SWEDA) 2023-12

CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
USD500.000---Ba1BBB-BBB+FixedTsy8.00-8.125%7.75% a (+-12.5)358.97.63%-100.00000
Tranche Comments
P NC 5.5: Book size: 3750; First Pay: 2023-09-17; Redemption: 2028-03-17; Registration: Reg S Only; Comments: USD500m WNG perp NC5.5 AT1 RegS. Ba1/BBB-/BBB+. Citi(struc)/Barc/BNPP(B&D)/Swed/UBS. IPTs 8%-8.125% s/a coupon, guidance 7.75% area (+/-0.125% WPIR), launch 7.625%. Books 3.75bn+. Reset margin 358.9. FTT: 4:20pm. Tax Call: Yes. Reset Date: 2028-09-17. Par Call: 6m. Regulatory Call: Yes on Capital Event. LEI: M312WZV08Y7LYUC71685;
Deal Comments
Tier 1