Bluestep Bank AB (publ) has completed a covered bond tap issue of SEK 200 million

Bluestep Bank AB (publ) (“Bluestep Bank”) has completed a tap issue of SEK 200 million, related to the outstanding covered bond with maturity date November 19^th, 2027 (Loan 10, tranche 2, ISIN SE0020356350).

The issue was made under Bluestep Bank’s MTCN-programme with a framework amount of SEK 15 billion. Following the tap issue, a total of SEK 1.2 billion is outstanding under loan 10 and a total of SEK 5.2 billion is outstanding under the programme.

The issued bonds were priced at 101.425% plus accrued interest, corresponding to a re-offer spread of 3m Stibor + 0.46%.

SEB acted as lead manager in the transaction.

For more information, please contact:
Klas Lavemark, Head of Treasury
+46 70 547 5174

Or visit www.bluestepbank.com