Resurs Holding issues Additional Tier 1 Capital
Resurs Holding AB (Resurs), owner of Resurs Bank AB with credit rating BBB- (NCR), has issued SEK 300 million Additional Tier 1 Capital notes. The notes have a perpetual tenor with a first call option after five years and a temporary write-down mechanism. The notes pay a floating rate coupon of 3 months STIBOR + 5.50% and will be listed on Nasdaq Stockholm. The issue date will be 11 December 2019. Resurs Holding will make an unconditional shareholder’s contribution of SEK 200 million to Resurs Bank. Nordea and Swedbank acted as financial advisers in relation to the issuance of the