Swedbank announces tender offer for government guaranteed notes

10-06-2013 14:10

Swedbank today announced a tender offer to the holders of certain series of its outstanding notes which are guaranteed by The Kingdom of Sweden.

The offer is an invitation to holders of certain series of its outstanding notes which are guaranteed by The Kingdom of Sweden, to tender their notes for purchase by the bank for cash. The offer is conducted as part of the bank's ongoing liquidity management. Swedbank executed its last issuance under the government guarantee program in the summer of 2009 and subsequently exited the program in April 2010. The notes have already been refinanced and the liability management exercise aims to optimize the bank’s funding structure while maintaining a prudent approach to liquidity.  

Note: Not for distribution in the US. Certain offer restrictions apply. For further information as to the tender offers, please refer to Swedbank’s website www.swedbank.com/investor-relations/debt-investor/index.htm under the heading
"In focus”.

For further information, please contact:
Jonas Erikson, Head of Group Treasury, Swedbank, phone: +46 76 765 50 88 
Ulf Jakobsson, Head of Funding, Swedbank, phone: +46 70 213 43 19 
Thomas Backteman, Head of Corporate Affairs, Swedbank, phone: +46 708 31 11 66

Swedbank promotes a sound and sustainable financial situation for the many people, households and companies. Our vision is to contribute to a development "Beyond Financial Growth”. As a leading bank in the home markets Sweden, Estonia, Latvia and Lithuania, Swedbank offers a wide range of financial services and products. Swedbank has 7.9 million retail customers and around 600,000 corporate customers and organizations with 308 branches in Sweden and approximately 190 branches in the Baltic countries. The group is also present in other Nordic countries, the U.S. and China. As of 31 March, 2013 the group had total assets of SEK 1,917 billion. Read more at www.swedbank.com