Davis Polk advised the joint book-running managers on the Rule 144A/Regulation S offering by Skandinaviska Enskilda Banken AB (publ) of $1.25 billion aggregate principal amount of 2.625% notes due 2020 under its Global Programme for Continuous Issuance of Medium Term Notes and Covered Bonds.

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

The Davis Polk corporate team included partner Jeffrey M. Oakes, counsel Radoslaw Michalak and associates Bhupinder Grewal and Johanna R. Collins-Wood. Partner John D. Paton and counsel Alon Gurfinkel provided tax advice. Members of the Davis Polk team are based in the London and Paris offices.