Vinge has advised Svea Bank AB (the “Company”) in connection with its issuance of SEK 300 million additional tier 1 capital bonds (AT1) with a floating rate interest of 3-month STIBOR + 7.50%.
The issue date is set to 20 December 2023, and the bonds have a perpetual maturity with first permitted redemption date after 5 years. 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.
Vinge’s team consisted of Mikael Ståhl, Arvid Weimers and Sofia Haggren.