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UK Svea Ekonomi AB issued on 24 November 2015 tier 2 subordinated floating rate notes (ISIN SE0007730528) with a nominal amount of up to SEK 200,000,000 on the Swedish market. The notes have a 10-year maturity and a floating interest rate of STIBOR plus 5.25 per cent per annum. The notes will constitute tier 2 capital of Svea Ekonomi AB and the proceeds of the issue of the notes will be used for general corporate purposes. Svea Ekonomi AB will apply for the notes to be listed on NASDAQ OMX Stockholm.
Intertrust Sweden has been appointed by Svea Ekonomi AB to act as agent for the noteholders.
More information on the bond can be found here.
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