Skandinaviska Enskilda Banken (SEB) took advantage of a strong post-FOMC market to attract some $3bn of demand to a $600m perpetual non-call five Additional Tier 1 on 16 March, its first AT1 transaction in over two years.

Skandinaviska Enskilda Banken (SEB) sold an inaugural sterling covered bond yesterday (Thursday), a £250m (Eu353m, Skr3.29bn) three year FRN, and the issuer’s head of treasury management said that it would now look to return to the UK market each year.

SEB priced a Eu1bn 12 year non-call seven Tier 2 issue last Thursday (22 May), which an official at the issuer noted is the first Swedish deal this year to feature a 12NC7 structure and was launched into a market that had lost some momentum.

SEB made an opportunistic foray into the sterling market on Tuesday to launch a £300m (Skr3.08bn, Eu356m) seven year senior unsecured deal that is the longest dated Swedish sterling issue this year.