The MREL requirement is set by the Swedish National Debt Office (SNDO). The SNDO has decided that a part of the MREL requirement must be met with liabilities and that by 1 January 2024. Such liabilities must be subordinated to senior preferred debt. Swedbank has therefore begun issuing senior non-preferred debt and is expecting to continue to do so until the required liability proportion of the requirement is fully met with senior non-preferred debt.
Senior non-preferred debt
Swedbank needs to comply with a Minimum Requirement for Own Funds and Eligible Liabilities (MREL).
| ISIN code EURm |
Coupon % |
Trade date | Maturity date | Issuance spread | Outstanding nominal amount |
| XS2063261155 | 0.250 | 2019-10-02 | 2024-10-09 | MS+70 | 750 |
| XS2282210231 | 0.20 | 2021-01-12 | 2028-01-12 | MS+63 | 750 |