Davis Polk advised the joint book-running managers on the Rule 144A/Regulation S offering by SEB of $750 million aggregate principal amount of 3.050% notes due 2022 under SEB’s Global Programme 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 and counsel Radoslaw Michalak. Counsel Alon Gurfinkel and associate Veronica Davis provided tax advice. Members of the Davis Polk team are based in the London office.