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Mandate Vinge has advised SEB in connection with an issue of additional Tier 1 captial of MUSD 600

March 27, 2017

Vinge has advised Skandinaviska Enskilda Banken AB (publ) (“SEB”) as to Swedish law in connection with the bank’s issue of Additional Tier 1 Capital in the amount of MUSD 600 in the form of a debt instrument with no final maturity and with automatically conversion into Class A-shares if the CET1 ratio of the bank decreases to a certain level.

The instrument is listed on the Global Exchange Market regulated by the Irish Stock Exchange.

SEB issued the Additional Tier 1 Capital to refinance an old similar instrument that reaches its call date later this year and to optimize its capital structure.

Vinge’s team consisted mainly of Göran Nyström, Charlotte Levin, Albert Wållgren and Malte Hedlund.

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Amendments to the Swedish Competition Act provide extended powers for the Swedish Competition Authority

Early in 2021, the Swedish Competition Act (2008: 579) will be amended in several important respects. The background to the amendments is Directive (EU) 2019/1 of the European Parliament and of the Council, which aims to harmonize the investigative and sanctioning powers of the European competition authorities in their enforcement of the EU competition rules. Undertakings active in Sweden will be affected by the amendments in several ways.
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