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Commentary & Deal Flow

NEW ISSUE: Swedbank Mortgage AB € bmk 7yr CB; MS+32a

IGC European Market: Deal Flow - General

Issuer

Term

Maturity

Size

Ranking

Type

Guidance

Swedbank Mortgage AB (publ)

7yr

08-Jun-33

bmk

CB

Fixed

MS+32a


Guidance: 7yr: MS+32a


  • Issuer: Swedbank Mortgage AB (publ) (Ticker: SWEDA)
  • LEI: 549300TJREQ7GHIXWR36
  • Expected Issue Ratings: Aaa/AAA (Moody's/S&P)
  • Format: Reg S Bearer S.O. Bonds evidenced by a Temporary Global S.O. Bond exchangeable for a Permanent Global S.O. Bond. TEFRA D Rules apply, no communications with or into the US or Canada (excluding Ontario)
  • Status: Swedish Covered Bond; European Covered Bond (Premium); ECBC Covered Bond label compliant
  • Size: € Benchmark
  • Guidance: MS+32bps area
  • Settlement Date: 08-Jun-26
  • Maturity Date: 08-Jun-33, Statutory Extended Final Maturity applicable
  • Coupon: [•]%, Fixed, Annual, Act/Act ICMA
  • Interest Payment Dates: Payable annually in arrear on 8 June in each year, from (and including) 08-Jun-27 to (and including) the Maturity Date.
  • Denominations: €100k + €1k
  • Listing: Euronext Dublin (regulated)
  • Governing Law: English law, save for Condition 3 (Status), which shall be governed by and construed in accordance with Swedish law, as per the Base Prospectus
  • Business Days: T2
  • Clearing: Euroclear / Clearstream
  • Documentation: Issued under the Swedbank Mortgage AB (publ) EMTN Programme Base Prospectus dated 13-May-26 (the ‘Base Prospectus’)
  • Fees: The Joint Bookrunners will be paid a fee by the Issuer in connection with the transaction
  • Target Market: Manufacturer target market (EU MiFID II / UK MiFIR product governance) is eligible counterparties and professional clients only (all distribution channels). No EEA PRIIPs key information document (KID) or disclosure document required by the FCA Product Disclosure Sourcebook (DISC) has been prepared as not deemed not within scope / not available to retail in EEA or in the UK
  • Selling Restrictions: Per the Base Prospectus
  • Base Prospectus: The Base Prospectus is available and the Final Terms, when published, will be available on the website of Euronext Dublin: https://www.euronext.com/en/markets/Dublin
  • Bookrunners: Deutsche Bank AG, DZ BANK, HSBC, Natixis, Swedbank
  • Timing: Books open, today’s business