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STOCKHOLM - Länsförsäkringar Bank AB announced Monday it plans to issue €500 million in green senior preferred notes with a three-year maturity due in October 2028, according to a pre-stabilization notice.
UBS Investment Bank will serve as the stabilizing manager for the offering, with the stabilization period expected to begin September 29, 2025, and end no later than November 4, 2025. The stabilizing manager may over-allot securities or conduct transactions to support the market price at a level higher than might otherwise prevail.
The maximum size of the over-allotment facility could reach up to 5% of the aggregate nominal amount. The offer price and other terms have yet to be determined, as stated in the press release.
The green notes represent Länsförsäkringar Bank’s commitment to sustainable finance, though specific details about the green aspects of the offering were not disclosed in the announcement.
The securities will not be registered under the United States Securities Act of 1933 and cannot be offered or sold in the United States without registration or an exemption. The offering is primarily directed at qualified investors in European Economic Area Member States and experienced investors in the United Kingdom.
This announcement follows standard regulatory protocols for new debt issuances in European markets, with the London Stock Exchange’s news service RNS distributing the information as a primary information provider.
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