Resurs Bank issues SEK 600 million of senior unsecured bonds
Resurs Bank AB has issued SEK 600 million of senior unsecured bonds in the Nordic market. The 3 year bonds will be listed on Nasdaq Stockholm.
The offer attracted very strong demand from the Nordic investor base where institutional demand dominated. The 3 year bonds are issued under Resurs Bank’s MTN programme with a total frame of SEK 3 billion and pays a coupon of 3m Stibor + 1.50%. Issue date will be 29 May 2017.
Nordea Bank AB and Swedbank AB acted as joint bookrunners 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 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.