22 December 2016

Gernandt & Danielsson advises Swedbank in relation to its issue of Additional Tier 1 Capital

On 9 December 2016, Swedbank AB (publ) completed an issue of Additional Tier 1 Capital in order to optimise its capital structure. The Additional Tier 1 Capital consists of debt instruments in the amount of USD 500 million that converts into ordinary shares if the bank’s own funds decreases to a certain level. The debt instruments will be admitted to trading on the Global Exchange Market which is regulated by the Irish Stock Exchange.

Gernandt & Danielsson has advised Swedbank regarding Swedish company law with a team consisting of Partners Johan Josjö and Björn Svensson and Associate Daniel Sveen.