SEB readies fresh euro hybrid tier one, retires dollars
Skandinaviska Enskilda Banken AB (SEB) is to launch a new euro denominated hybrid tier one issue via BNP Paribas, Credit Suisse and Goldman Sachs in an effort to improve the quality of its capital. The bank it also seeking to buy back two dollar tier one issues.
The capital action shall be seen in light of SEBs strategy to be well capitalised and upgrade the quality of capital, it said in a statement on Monday
Only last week, Swedbank announced a Skr13bn rights issue and a buyback of 10% of its tier two securities, also to
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