Svenska Handelsbanken has raised $1.25 billion through a sale of senior unsecured notes, Reuters reports. The New York branch of Svenska Handelsbanken guaranteed the notes.

The Swedish bank appointed Bank of America Merrill Lynch, Citi, Goldman Sachs and Morgan Stanley as the joint bookrunning managers for the transaction. The notes carry a coupon rate of 3.125% and are due to mature on July 12, 2016.

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