Davis Polk advised the joint book-running managers on the Section 3(a)(2) offering by Skandinaviska Enskilda Banken AB (publ) of $750 million aggregate principal amount of 2.300% notes due 2020 and $500 million aggregate principal amount of 2.800% notes due 2022. The notes were issued by SEB and guaranteed by SEB’s New York branch.

Based in Stockholm, SEB is a leading Nordic financial services group with a strong commercial and investment banking focus, providing a wide range of financial services to corporate customers, financial institutions and private individuals in Sweden, Denmark, Finland, Norway, Germany and the Baltic countries.

The Davis Polk corporate team included partner Reuven B. Young, counsel Radoslaw Michalak and associate Josef Schmidt. Partner John D. Paton, counsel Alon Gurfinkel and associate Veronica Orecharova provided tax advice. All members of the Davis Polk team are based in the London office. 

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