Resurs Bank examines the possibility to issue bonds within existing MTN-programme
Resurs Bank AB (Publ), a subsidiary to Resurs Holding, has mandated Swedbank for an expected minimum SEK 500m 2.5 year senior unsecured transaction, under the issuers SEK 5 bn MTN Programme. The transaction is expected to take place in the near future, subject to market conditions.
About Resurs Holding:
Resurs Holding (Resurs), which operates through the subsidiaries Resurs Bank and Solid Försäkring, is the leader in retail finance in the Nordic region, offering payment solutions, consumer loans and niche insurance products. Since its start in 1977, Resurs Bank has established itself as a leading partner for sales-driven payment and loyalty solutions in retail and e-commerce, and Resurs has thus built a customer base of more than 5.5 million private customers in the Nordics. Resurs Bank has had a banking licence since 2001 and is under the supervision of the Swedish Financial Supervisory Authority. The Resurs Group operates in Sweden, Denmark, Norway and Finland. At the end of 2017, the Group had 763 employees and a loan portfolio of SEK 24.1 billion. Resurs is listed on Nasdaq Stockholm, Large Cap.