Book size: 1400; First Pay: 2026-05-16; Registration: Reg S Only; Comments: EUR750m 3yr frn cpn 3mEu+35 at 100. Spread: 3mEu+35. LEI: NHBDILHZTYCNBV5UYZ31;
Book size: 1400; First Pay: 2027-02-16; Registration: Reg S Only; Comments: EUR500m 7yr fxd cpn 3.125% at 99.573, yld 3.194%. Spread: MS+52. DBR 2.3 02/15/33 (@98.07) + 59bps, HR 99%. LEI: NHBDILHZTYCNBV5UYZ31;
Deal Comments
Reoffer: 3yr FRN: 3mE+35bp / 100 7yr FXD: MS+52bp / 99.573 / 3.194%
Benchmark: 7yr FXD: DBR 2.3 15-Feb-33 @ 98.07 / B+59bp / HR 99%
3yr FRN: Final Books above €2.15bn (incl. JLM interest)
7yr FXD: Final Books above €2.1bn (incl. JLM interest)
Launched: 3yr FRN: €750m @ 3mE+35bp 7yr FXD: €500m @ MS+52bp - Combined books in excess of €4.25bn (incl. €80m JLM)
IPTs: 3yr FRN: 3mE+60a 7yr FXD: MS+80a
Issuer: Svenska Handelsbanken AB (publ)
Ticker: SHBASS
Issuer LEI: NHBDILHZTYCNBV5UYZ31
Issuer Ratings: Aa2 (Stable) / AA- (Stable) / AA (Stable) (Moody’s / S&P / Fitch)
Expected Ratings of the Notes: Aa2 / AA- / AA+ (Moody's / S&P / Fitch)
Status of the Notes: Senior Preferred Notes
Ranking: Senior, unconditional and unsecured, as described in Condition 3
Format: Reg S only, Bearer form, NGN, TEFRA D rules apply
Use of Proceeds: General Corporate Purposes
Currency: Euro ("EUR")
Size:
3yr FRN: €750m
7yr FXD: €500m
Pricing Benchmark Reference:
3yr FRN: Euribor 3-month (“3m€”)
7yr FXD: 7-year EUR Mid-Swap Rate (“€MS”)
Reoffer:
3yr FRN: Sprd 3m€+35bps / Px 100
7yr FXD: Sprd €MS+52 / Yld 3.194% / Px 99.573
Pricing Date: 05-Feb-26
Settlement Date: 16-Feb-26 (T+7)
Maturity Date:
3yr FRN: 16-Feb-29 (3 years)
7yr FXD: 16-Feb-33 (7 years)
Interest Basis / Rate:
3yr FRN: 3-month EURIBOR+35 bps, Floating Rate, payable quarterly in arrear on each Interest Payment Date
7yr FXD: 3.125%, Fixed Rate, per annum payable in arrear on each Interest Payment Date
Benchmark: DBR 2.3 15-Feb-33 (@98.07) + 59bps, HR 99%
Interest Payment Dates:
3yr FRN: 16 February, 16 May, 16 August and 16 November every year, from and including 16-May-26, up to and including the Maturity Date
7yr FXD: 16 February every year, from and including 16-Feb-27, up to and including the Maturity Date
Documentation: The Final Terms will be produced based on the U.S.$50,000,000,000 Euro Medium Term Note Programme as described in the Offering Circular dated 11 March 2025 (as supplemented from time to time)
Listing: Application will be made to Euronext Dublin for the Notes to be admitted to the Official List and to trading on the GEM.
Clearing: Euroclear/Clearstream, Luxembourg
Governing Law: The Notes and any non-contractual obligations arising out of or in connection therewith, shall be governed by, and construed in accordance with, English law, except that the provisions contained in Condition 3 will be governed by, and shall be construed in accordance with, Swedish law
Day count:
3yr FRN: Actual/360
7yr FXD: Annual, ACT/ACT (ICMA)
Business Days: T2
Business Day Convention:
3yr FRN: Modified Following Business Day Convention, adjusted
7yr FXD: Following Business Day Convention, unadjusted
Denominations: EUR 100,000 and integral multiples of EUR 1,000
Joint Lead Managers: BNP Paribas, Goldman Sachs Bank Europe SE (B&D), Morgan Stanley, Svenska Handelsbanken, UBS
ISINs / Common Codes:
3yr FRN: XS3295023173 / 329502317
7yr FXD: XS3291939778 / 329193977
Selling Restrictions: As per the Offering Circular
Target Market: Manufacturer target market (EU MiFID II product governance and UK MiFIR product governance) is eligible counterparties and professional investors only (all distribution channels). No EU or UK PRIIPs Key Information Document (KID) has been prepared as not available to retail in the EEA or in the UK
Timing: PRICED, TOE 14:18 UKT, FTT 14:35 UKT