Resurs Bank successfully issues SEK 300 million of subordinated Tier 2 bonds
Resurs Bank AB (publ), a wholly owned subsidiary of Resurs Holding AB (Nasdaq Stockholm: RESURS), has issued SEK 300 million of subordinated Tier 2 bonds in the Nordic market. The offer attracted very strong demand from the Nordic investor base where institutional demand dominated the oversubscribed orderbook. The subordinated Tier 2 bonds are issued under Resurs Bank's MTN programme with a total frame of SEK 3 billion and with a final maturity in January 2027 while paying a coupon of 3m Stibor +4.40%. Transaction details: Issuer: Resurs Bank AB (publ) Instrument: Tier 2 bond