Resurs Bank issues SEK 500 million of senior unsecured bonds
Resurs Bank AB, a wholly owned subsidiary of Resurs Holding AB (Nasdaq Stockholm: RESURS), has issued SEK 500 million of senior unsecured bonds in the Nordic market. The 3 year bonds (with maturity June 2021) will be listed on Nasdaq Stockholm.
The bonds are issued under Resurs Bank’s MTN programme with a total frame of SEK 5 billion and pays a coupon of 3m Stibor + 1.50%. Settlement date will be 16 May 2018 and maturity date 16 June 2021.
Swedbank acted as sole bookrunner in the transaction.
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 5.7 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 first quarter of 2018, the Group had 754 employees and a loan portfolio of SEK 25.1 billion. Resurs is listed on Nasdaq Stockholm.