Resurs Bank issues SEK 300 million of senior unsecured bonds
Resurs Bank AB (publ), a wholly owned subsidiary of Resurs Holding AB (Nasdaq Stockholm: RESURS) has issued SEK 300 million of senior unsecured bonds in the Nordic market. The bonds have a maturity of 3 years and will be listed on Nasdaq Stockholm. The 3-year bonds are issued under Resurs Bank's MTN programme (total frame of SEK 3 billion) with a coupon of 3m Stibor +1.55%. Trade date 16 February 2017 and Nordea Bank AB has been used as bookrunner.
Issuer: Resurs Bank AB (publ)
Instrument: Senior unsecured bonds
Maturity: 24 February 2020
Coupon: 3 months Stibor +1.55%
Bookrunner: Nordea Bank AB
For additional information:
Peter Rosén, CFO Resurs Holding,
+46 736 564 934
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 over 5 million private customers and collaborations with over 1,200 retail partners and 35,000 stores in the Nordics. From our core business in retail finance, we have expanded our commercial offering to 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.