SEB $2 Billion Notes Offering
9/1/2020

Davis Polk advised the joint book-running managers on the Rule 144A/Regulation S offering by SEB of $1 billion aggregate principal amount of 0.550% notes due 2023, $600 million aggregate principal amount of 0.850% notes due 2025 and $400 million aggregate principal amount of floating-rate notes due 2023 under SEB’s Global Program for continuous issuance of medium-term notes and covered bonds.

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 and the Baltic countries.

The Davis Polk corporate team included partner Reuven B. Young, counsel Radoslaw Michalak and associate Tanu Sinha. Counsel Alon Gurfinkel and associate Summer Xia provided tax advice. Counsel Charles Shi provided ERISA advice. Members of the Davis Polk team are based in the London and New York offices.