Nordax Bank AB (publ) has received investment grade rating from Nordic Credit Rating (BBB, stable outlook)
Nordax Bank AB (publ) (“Nordax”) has received an investment grade rating from the rating institute Nordic Credit Rating with the rating BBB, stable outlook. Nordax has a diversified funding structure which consists of deposits from the public, structured bonds, bilateral financing from international & Nordic banks and senior unsecured bonds. The senior unsecured bonds are issued under Nordax’s MTN programme with a total frame of SEK 3 billion. To have a diversified funding structure is a cornerstone in Nordax’s funding strategy and reduces Nordax’s liquidity risk and enables it to