Resurs Bank issues SEK 350 million of senior unsecured bonds
Resurs Bank AB, a wholly owned subsidiary of Resurs Holding AB (Nasdaq Stockholm: RESURS), has issued SEK 350 million of senior unsecured bonds in the Nordic market. The 3 year bonds will be listed on Nasdaq Stockholm.
The 3 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 + 1.45%. Issue date will be December 7 2017.
Nordea Bank AB and Swedbank AB acted as joint book runners in the transaction.
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 approximately 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 the third quarter of 2017, the Group had 752 employees and a loan portfolio of SEK 23.2 billion. Resurs is listed on Nasdaq Stockholm, Large Cap.