SEB

SEB joins a Swedish consortium of industry-leading companies that will build advanced AI infrastructure in Sweden using cutting-edge technology from NVIDIA. The consortium consists of SEB, AstraZeneca, Ericsson, Saab, and Wallenberg Investments AB. The companies will build a system operated by a joint Swedish company to offer sovereign and secure compute access to consortia members. “Investing in cutting-edge AI infrastructure is a crucial step toward accelerating the development and adoption of AI across Swedish industry. We believe this initiative will generate valuable spillover effects – by enabling upskilling, fostering new collaborations, and strengthening the broader national AI ecosystem,” says Marcus Wallenberg, chair of Wallenberg Investments and SEB.   Read more: https://lnkd.in/dYHS4H3X

“The new EU green bond standard is a great opportunity for companies to showcase high sustainability ambitions and Taxonomy alignment in their business,” says Anssi Kiviniemi, Head of Sustainable Banking at SEB in Finland. SEB congratulates Finnish electricity distributor Elenia on being the first company in the Nordics to adopt a green finance framework aligned with the new EU Green Bond Standard (EUGBS). SEB proudly acted as Sole Sustainability Advisor on the framework. The bonds issued through the framework will be aligned with the EUGBS. Proceeds from these bonds will be allocated to projects that will support sustainable electrical infrastructure in Finland. Read more: https://lnkd.in/dguH_Cpf

We congratulate Metso, a frontrunner in sustainable technologies, end-to-end solutions and services for aggregates production, mining and metals refining, on the successful issuance of its EUR 300m 7-year bond with a coupon of 3.750%. The transaction garnered strong investor demand with the peak orderbook exceeding EUR 1bn. Metso also announced a capped Tender Offer on their existing EUR 300m 4.875% December 2027 bonds which runs until 27 May. SEB is proud to have been part of this transaction as a Joint Bookrunner and Joint Dealer Manager.

SEB is proud to have acted as Joint Bookrunner on YIT - Urban developer and construction company's Green EUR 100 million capital securities issuance. YIT is the largest Finnish construction and development company measured by revenue with operations also in Baltic and CEE countries. The transaction saw strong investor interest enabling the company to tighten the pricing by an impressive 50-100bps from initial price talk, leading to a coupon of 8.5%. This successful transaction marks YIT’s second bond issuance of the year, following the EUR 120m senior secured green transaction priced in March. YIT will use the proceeds in accordance with their outstanding Green Finance Framework. Separately, YIT has announced a Tender offer for its EUR 100m 5.750% green capital securities issued in 2021. SEB acts as Dealer Manager for the Tender Offer.

SEB is proud to have acted as Joint Bookrunner on Metsä Board's (Baa2 / BBB- / --) Green EUR 200 million 6-year senior unsecured bond issuance. Metsä Board is the leading producer of folding boxboard and white kraftliners in Europe, and the largest producer of coated white kraftliners globally. This successful issue marks Metsä Board’s return to bond market after eight-year hiatus and represents its first-ever green bond issuance.   After three days of broad marketing across the Nordics and Central-Europe, the bond was successfully priced with a coupon of 3.875% and Metsä Board tightened the pricing by 20bps from IPTs to final terms. Metsä Board intends to allocate an amount equal to the net proceeds from the offering of the Notes to finance and refinance of eligible projects in accordance with Metsä Board’s Green Finance Framework dated July 2024.

"In today’s uncertain times, we believe that having a portfolio without major deviations from a normal situation is a responsible way to manage our customers’ assets. But that doesn’t mean we are idle", says Fredrik Öberg, Chief Investment Officer at SEB’s Private Wealth Management & Family Office Division and continues: "We are constantly considering changes to adjust the balance of the portfolio in response to shifts in the market, and we are actively looking for the next possible major change in order to capture market potential as the picture clears." In the new issue of the Investment Outlook report, SEB's experts keep the portfolio close to normal, with a neutral equity weight. Find the full report and deepdive in the theme articles: https://lnkd.in/dhVBciYM

Insight Asia podcast out now! Japan’s economic situation is in this episode’s spotlight: A weak yen, booming tourism, a nice recovery after Covid and a good position in the geopolitical turmoil as a long-time US ally. But at the same time, an ageing and shrinking population, deflation and a sky-high debt per capita. SEB's chief economist, Jens Magnusson, joins Fredrik Hahnel and Sean Yokota in the discussion after visiting Japan this week. Found where your podcasts reside and at https://lnkd.in/d83AFawR

After decades of openness and cooperation, the world is now marked by increasing fragmentation, with economic nationalism and financial protectionism gaining more ground. Current developments are: ➡️ Weakened confidence in global systems – The US dollar’s role as a stabilizing force is being questioned, while international capital flows are becoming politicized. ➡️ Rising uncertainty – The previously predictable financial architecture is being replaced by geopolitically-driven financial alliances. ➡️ Capital under pressure – A world with growing security risks, climate change, and technological leaps demands massive investments, but the frameworks for global financing are being redrawn. Learn more in the latest Nordic Outlook: https://lnkd.in/dxkBtiKi

What is a carbon credit? Olle Billinger, Carbon Lead and Senior Advisor, explains. Learn more about SEB's work to accelerate the transition: https://lnkd.in/d_xt7hta

We congratulate Avanza on the outstanding outcome of its inaugural SEK 800m Additional Tier 1 Perpetual non-call 5.25y FRN transaction. After a successful day of marketing with strong investor engagement, the transaction attracted more than SEK 2bn of orders within 30 minutes of having opened the books. The final order book amounted to more than SEK 3bn, allowing Avanza to set the spread at 3mS+325bps. The result of the transaction is a testament of Avanza’s strong credit profile and name recognition. SEB is proud to have acted as Joint Lead Manager.