The investment-grade notes are due 2027 and 2029

Davis Polk advised the joint book-running managers on the Rule 144A / Regulation S offering by SEB of $650 million aggregate principal amount of 5.125% notes due 2027, $350 million aggregate principal amount of floating-rating notes due 2027 and $750 million aggregate principal amount of 5.375% notes due 2029 under SEB’s global program for continuous issuance of medium-term notes and covered bonds.

Based in Stockholm, SEB is a 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 and associates Tanu Sinha and Majd Atalla. Counsel Alon Gurfinkel and associate Ya Sheng Lin provided tax advice. European counsel John Taylor provided European regulatory advice. Counsel Charles Shi provided ERISA advice. Members of the Davis Polk team are based in the London and New York offices.

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