Capital/Financing Update • Mar 28, 2011
Capital/Financing Update
Open in ViewerOpens in native device viewer
Terms used herein shall be deemed to be defined as such for the purposes of the Conditions set forth in the Prospectus dated 20 May 2010 (the "Prospectus"), the supplementary prospectus dated 22 July 2010, 21 October 2010 and 8 February 2011 which together constitutes a base prospectus for the purposes of Directive 2003/71/EC (the "Prospectus Directive"). This document constitutes the Final Terms of the Notes described herein for the purposes of Article 5.4 of the Prospectus Directive and must be read in conjunction with the Prospectus as so supplemented. Full information on the Issuer and the offer of the Notes is only available on the basis of the combination of these Final Terms and the Prospectus as so supplemented. The Prospectus and the supplementary prospectuses are available for viewing at Swedbank AB (publ), Brunkebergstorg 8, SE-105 34 Stockholm or on the website of http://www.rns-pdf.londonstockexchange.com/en-Stock Exchange at London the gb/pricenews/marketnews and copies may be obtained from the specified office of the Principal Paying Agent in London.
| 1. | Swedbank AB (publ) | ||||
|---|---|---|---|---|---|
| 2. | (i) | Series Number: | 150 | ||
| (ii) | Tranche Number: | 1 | |||
| 3. | SEK | ||||
| 4. | Aggregate Nominal Amount: | ||||
| (i) | Series: | SEK 600,000,000 | |||
| (ii) | Tranche: | SEK 600,000,000 | |||
| 5. | Issuer: Specified Currency or Currencies: Issue Price: Specified Denominations: Calculation Amount: Issue Date: Interest Commencement Date: Interest Basis: Redemption/Payment Basis: Change of Interest Basis or |
99.905 per cent. of the Aggregate Nominal Amount | |||
| 6. | (i) | SEK 1,000,000 | |||
| (ii) | SEK 1,000,000 | ||||
| 7. | (i) | 30 March 2011 | |||
| (ii) | 30 March 2011 | ||||
| 8. | Maturity Date: | Interest Payment Date falling in or nearest to March 2013 |
|||
| 9. | 3 months STIBOR $+$ 0.80 per cent. | ||||
| Floating Rate | |||||
| (further particulars specified below) | |||||
| 10. | Redemption at par | ||||
| 11 | Redemption/Payment Basis: | Not Applicable |
| 12. Put/Call Options: | Not Applicable | ||||
|---|---|---|---|---|---|
| 13. | Status of the Notes: (i) |
Unsubordinated - Condition 3(a) will apply | |||
| (ii) Date Board approval for issuance of Notes obtained: |
Not Applicable | ||||
| 14. | Method of distribution: | Non-syndicated | |||
| PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE | |||||
| 15. | Fixed Rate Note Provisions: (Condition $4(a)$ ) |
Not Applicable | |||
| 16. | Floating Rate Note Provisions: | Applicable | |||
| (i) | Specified Period(s)/Specified Interest Payment Dates: |
The period from and including the Issue Date to but excluding the first Specified Interest Payment Date and, thereafter, each period from and including a Specified Interest Payment Date to but excluding the next Specified Interest Payment Date |
|||
| Interest will be payable quarterly in arrears on 30 June, 30 September, 30 December and 30 March in each year, from and including 30 June 2011, to and including Maturity Date (each a "Specified Interest Payment Date") subject, in each case, to adjustment in accordance with the Business Day Convention specified below |
|||||
| (ii) | Business Day Convention: | Modified Following Business Day Convention | |||
| (iii) Business Centre(s): | Stockholm | ||||
| (iv) Manner in which the Rate(s) of Interest is/are to be determined: |
Screen Rate Determination | ||||
| (v) | Party responsible for calculating the and Interest of Interest Rate(s) Amount(s) (if not the Principal Paying Agent): |
Not Applicable | |||
| (vi) Screen Rate Determination: | Applicable | ||||
| Reference Rate: | 3 months STIBOR | ||||
| Interest Determination Date(s): | Two (2) Stockholm Business Days prior to the start of each Interest Period |
||||
| Relevant Screen Page: | Reuters Screen SIDE page | ||||
| (vii) ISDA Determination: | Not Applicable | ||||
| (viii) Margin(s): | $+0.80$ per cent. per annum | ||||
| (ix) Minimum Rate of Interest: | Not Applicable | ||||
| Maximum Rate of Interest: (x) |
Not Applicable | ||||
| (xi) Day Count Fraction: | Actual/360 | ||||
| rounding provisions, back (xii) Fall provisions, denominator and any other to the method of terms relating calculating interest on Floating Rate |
Not Applicable |
Notes, if different from those set out in the Conditions: Not Applicable 17. Zero Coupon Note Provisions: 18. Index-Linked Interest Note/other variable-Not Applicable linked interest Note Provisions: 19. Dual Currency Interest Note Provisions: Not Applicable PROVISIONS RELATING TO REDEMPTION Not Applicable 20. Issuer Call: Not Applicable 21. Investor Put: SEK 1,000,000 per Calculation Amount 22. Final Redemption Amount: 23. Early Redemption Amount: Early Redemption Amount(s) payable on Not Applicable redemption for taxation reasons or on Event of Default or other early redemption and/or the method of calculating the same (if required or if different from that set out in Condition 5(e)): GENERAL PROVISIONS APPLICABLE TO THE NOTES 24. Form of Notes: Bearer Notes: Form: $(i)$ Temporary Global Note exchangeable for a Permanent Global Note which is exchangeable for Definitive Bearer Notes only upon an Exchange Event (ii) New Global Note: No 25. Financial Centre(s) or other special provisions Stockholm relating to Payment Days: 26. Talons for future Coupons or Receipts to be No attached to Definitive Notes (and dates on which such Talons mature): Not Applicable 27. Details relating to Partly Paid Notes: amount of each payment comprising the Issue Price and date on which each payment is to be made and consequences (if any) of failure to pay, including any right of the Issuer to forfeit the Notes and interest due on late payment: 28. Details relating to Instalment Notes: Instalment Amount(s): Not Applicable $(i)$ Not Applicable (ii) Instalment Date(s): and Not Applicable renominalisation 29. Redenomination, reconventioning provisions:
| 30. Consolidation provisions: | Not Applicable | |||||
|---|---|---|---|---|---|---|
| 31. | Additional U.S. Considerations: |
Federal Income | Tax | Not Applicable | ||
| 32. Other final terms: | Not Applicable | |||||
| DISTRIBUTION | ||||||
| If syndicated, names of Managers: $33.$ (i) |
Not Applicable | |||||
| Date of Subscription Agreement: (ii) |
Not Applicable | |||||
| (iii) Stabilising Manager(s) (if any): | Not Applicable | |||||
| 34. | If non-syndicated, name of Dealer: | Swedbank AB (publ) SE-105 34 Stockholm |
||||
| 35. | Whether TEFRA D rules are applicable or TEFRA rules are not applicable: |
TEFRAD | ||||
| 36. | Additional selling restrictions: | Not Applicable |
These Final Terms comprise the final terms required for issue and admission to trading on the EEA Regulated Market of the London Stock Exchange and listing on the Official List of the UK Listing Authority of the Notes described herein pursuant to the U.S.\$40,000,000,000 Global Medium Term Note Programme of Swedbank AB (publ).
The Issuer accepts responsibility for the information contained in these Final Terms.
Signed on behalf of the Issuer: Daun $By:$ . Duly authorised
Gunnel Svahn
Martin Rydin K.
| (i) | Listing: |
|---|---|
| (ii) Admission to trading: |
(iii) Estimate of total expenses related to admission to trading:
5.
Ratings:
London
Application has been made for the Notes to be admitted to trading on the London Stock Exchange with effect from 30 March 2011
Not Applicable
The Notes have been assigned the following ratings:
$S & P: A$ Moody's: A2 Fitch: A
Each such credit rating agency is established in the European Union and has applied for registration under Regulation (EU) No 1060/2009 (the "CRA Regulation"), although notification of the corresponding registration decision has not yet been provided by the relevant competent authority. In general, European regulated investors are restricted from using a rating for regulatory purposes if such rating is not issued by a credit rating agency established in the European Union and registered under the CRA Regulation unless the rating is provided by a credit rating agency operating in the European Union before 7 June 2010 which has submitted an application for registration in accordance with the CRA Regulation and such registration is not refused.
Save for any fees payable to the Dealers, so far as the Issuer is aware, no person involved in the offer of the Notes has an interest material to the offer.
| Fixed Rate Notes only – YIELD | Not Applicable | |
|---|---|---|
| (iii) Estimated total expenses: | Not Applicable | |
| (ii) Estimated net proceeds: | SEK 599,430,000 | |
| (i) | Reasons for the offer: | See "Use of Proceeds" wording in Prospectus |
| (i) | ISIN Code: | XS0611400341 |
|---|---|---|
| (ii) | Common Code: | 061140034 |
| (iii) Cusip: | Not Applicable |
| (iv) | CINS: | Not Applicable |
|---|---|---|
| (v) | Swiss Security Number: | Not Applicable |
| (vi) | Any clearing system(s) other than Euroclear Bank SA/NV, Clearstream Banking société anonyme and SIX SIS AG (together with the address of each such clearing system) and the relevant identification number(s): |
Not Applicable |
| (vii) Settlement procedures: | Customary sett) | |
| (viii) Delivery: | Delivery agains | |
| (ix) Names and addresses of additional Paying Agent(s) (including, in the case of Swiss Domestic Notes, the Principal Swiss Paying Agent and any other Swiss Paying Agents) (if any): |
Not Applicable |
$(x)$ Intended to be held in a manner which
would allow Eurosystem eligibility:
lement and payment procedures apply
st payment
$No$
Building tools?
Free accounts include 100 API calls/year for testing.
Have a question? We'll get back to you promptly.