Resurs Bank issues NOK 400 million of senior unsecured bonds
Resurs Bank AB has issued NOK 400 million of senior unsecured bonds in the Nordic market. The bonds will be listed on Oslo Børs.
The offer attracted very strong demand from the Nordic investor base where institutional demand dominated. The bonds are issued under Resurs Bank’s MTN programme with a total frame of SEK 5 billion and pays a coupon of 3m Nibor + 1.13%. Maturity date will be 20 May 2019.
Swedbank acted as bookrunner in the transaction.
About Resurs Bank:
Resurs was founded in 1977 and is one of the fastest-growing niche banks in the Nordic region. During the 1980s, we pioneered the successful “interest free” retail finance concept, and today we are one of the leading Nordic retail finance banks, with approximately 5.5 million private customers across the Nordic region. From our core business in retail finance, we have expanded our product offering to also include savings accounts, insurance policies, consumer loans and credit cards. The latter includes our own Supreme Card, of which there are roughly 150,000 holders in the Nordic region. Resurs Bank is owned by Parent Company Resurs Holding and is part of the Resurs Holding Group. In 2015, Resurs Bank acquired the subsidiary yA Bank.