23 August 2019

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

On August 22 2019 Swedbank AB (publ) issued Additional Tier 1 Capital (AT1) to optimize 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 regulatory capital of the bank decreases to a certain level. The instruments will be listed on the Global Exchange Market regulated by the Irish Stock Exchange.

Gernandt & Danielsson advised Swedbank regarding Swedish company law with a team consisting of Partner Björn Svensson along with Associates Johan Malmsten and Filip Persson.