Collector Bank examines the possibility to issue subordinated Tier 2 bonds within existing MTN-programme

Gothenburg, Sweden – Collector AB (publ) (Nasdaq Stockholm: COLL)

Collector Bank AB, a wholly owned subsidiary to Collector AB, has mandated Carnegie to examine the possibility to issue a subordinated Tier 2 SEK denominated bond under its existing 5000 MSEK Medium Term Note Programme to further strengthen its capital structure. The transaction is expected to take place in the near future, subject to market conditions

For further information, please contact:
Lena Apler, Founder & Acting CEO Collector I Phone +46 70 525 65 80 I Email lena.apler@collectorbank.se
Pia-Lena Olofsson, CFO, Collector I Phone +46 70 858 04 53 I Email pia-lena.olofsson@collectorbank.se
Åsa Hillsten, CCO & IR Collector I Phone +46 70 081 81 17 I Email asa.hillsten@collectorbank.se

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About Us

Collector is an innovative, digital, niche bank that offers financing solutions to private and corporate customers. Since 2005, Collector has had annual organic revenue growth of 30% and profit growth (EAT) of 55%. Operations are comprised of the Retail and Corporate segments. Within the Retail segment, the Company is engaged in lending to private individuals, invoice and payments by installments to e-commerce and retail companies, credit card services and deposits. The Corporate segment includes factoring and company credits directed mainly at small and medium-sized enterprises, property finance, debt collection on behalf of clients (assignment debt collection) and the acquisition of portfolios of overdue receivables. The Company has offices in Gothenburg (the head office), Stockholm, Helsinki and Oslo. The Group is comprised of the Parent Company, Collector AB (publ); the wholly-owned subsidiary, Collector Bank AB, in which the main operations are conducted; and Colligent Inkasso AB Colligent Inkasso AS, which are active in commissioned services and debt collection. Collector is listed on the Nasdaq Stockholm Large Cap list.