03 Jul 2009 13:34

SEB's bond issue oversubscribed

"Interest in the issue was very high. It was the biggest sterling order book of senior bonds seen so far this year", says Anders Kvist, Head of Group Treasury.
 
The sterling issue is one of several large loans SEB has issued since the end of March. By the issuances the stability of SEB's long-term funding base is ensured and they secure the opportunity to support the bank's customers in the current economic climate.
  
 
SEB is a North European financial group serving some 400,000 corporate customers and institutions and five million private individuals. SEB offers universal banking services in Sweden, Germany and the Baltic countries - Estonia, Latvia and Lithuania. It also has local presence in the other Nordic countries, Ukraine and Russia and a global presence through its international network in major financial centres. On 31 March 2009, the Group's total assets amounted to SEK 2,460bn (~EUR 225bn) while its assets under management totalled SEK 1,187bn (~EUR 108bn).The Group has about 21,000 employees. Read more about SEB at www.sebgroup.com
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