Davis Polk advised the joint book-running managers on the Section 3(a)(2) offering by Skandinaviska Enskilda Banken AB (publ) of $1 billion aggregate principal amount of 1.500% notes due 2019 and $1 billion aggregate principal amount of 1.875% notes due 2021. The notes were issued by SEB and guaranteed by SEB’s New York branch.

Davis Polk also advised the joint book-running managers on the Rule 144A/Regulation S offering by SEB of $500 million aggregate principal amount of floating-rate notes due 2019 under SEB’s Global Programme for Continuous Issuance of Medium Term Notes and Covered Bonds.

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 associates Josef Schmidt and Jason P. Thompson. 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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