The investment-grade notes are due 2028

Davis Polk advised the joint book-running managers on the Rule 144A / Regulation S offering by SEB of $750 million aggregate principal amount of 4.375% notes due 2028 and $500 million aggregate principal amount of floating-rating notes due 2028.

Based in Stockholm, SEB is a 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, the United Kingdom and the Baltic countries.

The Davis Polk corporate team included partner Reuven B. Young and associate Tanu Sinha. Counsel Alon Gurfinkel and associate Ya Sheng Lin provided tax advice. Counsel John Taylor and associate Mary Valtas provided European regulatory advice. Counsel Chaoyuan (Charles) Shi provided ERISA advice. Members of the Davis Polk team are based in the London and New York offices.

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