Mandate

Vinge has advised Svea Bank AB in connection with the issuance of Additional Tier 1 Capital of SEK 300 million

March 14, 2023 Banking and Finance

Vinge has advised Svea Bank AB (the “Company”) in connection with its issuance of additional tier 1 capital (AT1) of SEK 300 million to optimise its capital structure.

The issuance is in the form of a debt instrument with automatic write-down of its nominal amount if the common equity tier 1 capital ratio of the Company falls below a certain level. The instruments will be listed on Nasdaq Stockholm. In connection with the issuance, the Company will also redeem the outstanding additional tier 1-bond, originally dated 3 April 2018, on 3 April 2023.

Vinge’s team consisted of Mikael Ståhl, Arvid Weimers and Calle Tengwall Pagels.

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