SEB — Capital/Financing Update 2019

Oct 30, 2019

National Storage Mechanism | Additional information

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Press release

Stockholm  30 October 2019

SEB issues Additional Tier 1 Capital

SEB issues Additional Tier 1 Capital (AT1) to optimise its capital structure. The USD 900 million issuance has a coupon of 5.125 per cent and an issue price of 100 per cent.

The loan has no final maturity, but entail a possibility for the bank to redeem the loan after 5.5 years, and any time thereafter. The issuance is in the form of a debt instrument with automatic conversion into Class A-shares if the Common Equity Tier 1 capital ratio of the bank falls below a certain level.

The issuance of additional AT1 capital is part of SEB's capital planning.

The issuance will be subscribed by and allotted to the joint lead managers. The settlement date is 5 November 2019. The instruments will be listed on Euronext Dublin.

For further information, please contact Christoffer Geijer, Head of Investor Relations +46(0)70 1006 [email protected]	Press contact Frank Hojem, Head of Corporate Communication +46(0)70 763 9947 [email protected]
SEB is a leading Nordic financial services group with a strong belief that entrepreneurial minds and innovative companies are key in creating a better world. SEB takes a long-term perspective and supports its customers in good times and bad. In Sweden and the Baltic countries, SEB offers financial advice and a wide range of financial services. In Denmark, Finland, Norway, Germany and UK the bank's operations have a strong focus on corporate and investment banking based on a full-service offering to corporate and institutional clients. The international nature of SEB's business is reflected in its presence in some 20 countries worldwide. At 30 September 2019, the Group's total assets amounted to SEK 3,046bn while its assets under management totalled SEK 1,943bn. The Group has around 15,000 employees. Read more about SEB at http://www.sebgroup.com.

Attachment

• 39 191030 SEB issues Additional Tier 1 capital