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 2.5 year bonds will be listed on Nasdaq Stockholm.
The 2.5 year bonds are issued under Resurs Bank's MTN programme with a total frame of SEK 5 billion and pays a coupon of 3m Stibor + 1.35%. Settlement date will be 26 February 2018 and maturity date 31 August 2020.
Swedbank acted as sole 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 over 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. 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.