(1888PressRelease)
December 18, 2009 - The guarantee covers all non-subordinated debt instruments issued by Swedbank Hypotek and also such debt instruments being issued by the company in the future, until further notice.
According to a press release from the rating agency Moody´s in August 2009 saying that Moody´s have introduced a new method for the credit rating of issuers whose main function is to issue covered bonds on behalf of a parent bank, as categorised by Moody´s. Among other things, the method means increased demands from Moody´s as regards financial support from the parent bank in order to give the same rating to the issuer as to the parent bank. In connection with the press release, Moody´s placed Swedbank Mortgage AB (publ) on watch list for possible downgrade.
The guarantee has been posted on www.swedbank.se/mortgage
Further information, please contact:
Thomas Backteman, Executive Vice President, Swedbank, phone: +46 708 311 166
Johannes Rudbeck, Head of Investor Relations, Swedbank, phone: +46 705 825 656
Anna Sundblad, Press Manager, Swedbank, phone: +46 70 321 39 95
Swedbank´s vision is to be the leading financial institution in the markets where we are present. Swedbank has 9.4 million retail customers and 600,000 corporate customers with 419 branches in Sweden, 278 branches in the Baltic countries and another 215 branches in Ukraine. The group is also present in Copenhagen, Helsinki, Kaliningrad, Luxembourg, Moscow, New York, Oslo, Shanghai, St. Petersburg and Tokyo. As of December 2008 the group had total assets of SEK 1,812 billion and approximately 21,000 employees.
For more information about Swedbank, please visit www.swedbank.com.
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