Swedbank considers tier two buybacks

08 Jun 2011

Swedbank will consider any private buyback offers on its tier two bonds that are callable in the near future, having nearly doubled its capital ratio since pre-crisis levels.

Sweden’s financial services authority has approved the bank’s application to buy back 13 tier two issues denominated in dollars, sterling, euros, and Norwegian and Swedish krona. The bonds are all callable later this year or next year.

Swedbank is not expected to launch a public tender offer for ...

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