Swedbank's first senior unsecured bond issue under the Swedish state's guarantee scheme

Press Release 25 November 2008

Swedbank's first senior unsecured bond issue under the Swedish state's guarantee
scheme

Swedbank has today issued a 3 year senior unsecured bond with a fixed interest
rate under the Swedish government's guarantee scheme. A total of EUR 2 000 m has
been raised, the bond is denominated in EUR. The rate was set to 3.625% which
corresponds to about 35 bp above mid swap (EUR). 

The transaction is priced somewhat higher than bonds under the British
government's guarantee. The difference reflects the CDS spread between the
sovereigns. The price level, including the fee to the Swedish state of 83 bp, is
substantially bellow indicative non-guaranteed level. 

“A successful transaction and the interest from investors has been high. We have
not seen any public senior unsecured bond issues from Swedish banks in the
international market since mid September. It is currently very hard to raise
this kind of funding without a state guarantee.” says Mikael Edler, Head of
Treasury at Swedbank.
Further information, please contact:'
Mikael Edler, Head of Treasury, Swedbank, phone: +46 70 341 73 90 
Thomas Backteman, Acting Head of Communications and IR, Swedbank, phone: +46 708
311 166
Anna Sundblad, Press Manager, Swedbank, phone: +46 70 321 39 95




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where we are present. Swedbank has 9 million retail customers and 600,000
corporate customers with more than 459 branches in Sweden, 300 branches in the
Baltic countries and another 190 branches in Ukraine. The group is also present
in Copenhagen, Helsinki, Kaliningrad, Luxembourg, Marbella, Moscow, New York,
Oslo, Shanghai, St. Petersburg and Tokyo. As of December 2007 the group had
total assets of SEK 1,600 billion and approximately 22,000 employees. For more
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