Collector successfully issues SEK 800 million under newly established MTN-programme

Gothenburg, Sweden – Collector AB (publ) (Nasdaq Stockholm: COLL)

Collector Bank AB (publ) (”Collector Bank”), a wholly owned subsidiary to Collector AB (publ), established a Medium Term Note-programme with a framework amount of SEK 5 billion in February 2017. The first issue, a senior unsecured bond loan, of SEK 800 million has now been carried through.

The bond loan has a tenor of three years and a floating interest rate of three-months STIBOR + 175 basis points, which corresponds to an initial coupon of about 1.3%, with final maturity in March 2020. The interest from the capital market was large and the issue was oversubscribed. The bond loan will be listed on Nasdaq Stockholm.

Nordea Bank AB (publ) is Arranger for the MTN-programme and has been Sole Bookrunner in connection with Collector’s first bond issue, and Advokatfirman Vinge KB has been legal advisor to Collector.


For further information, please contact:
Lena Apler, Chairman of the Board Collector I Phone +46 70-525 65 80 I Email lena.apler@collectorbank.se
Pia-Lena Olofsson, CFO, Collector I Phone +46 70 858 04 53 I Email pia-lena.olofsson@collectorbank.se
Åsa Hillsten, CCO & IR Collector I Phone +46 70 081 81 17 I Email asa.hillsten@collectorbank.se



Tags:

About Us

Collector is an innovative, digital, niche bank that offers financing solutions to private and corporate customers. Operations are comprised of the Retail and Corporate segments. Within the Retail segment, the company is engaged in lending to private individuals, invoice and payments by instalments to e-commerce and retail companies, credit card services and deposits. The Corporate segment includes real estate credits, factoring and company credits directed mainly at small and medium-sized enterprises, debt collection on behalf of customers (assignment debt collection) and the acquisition of portfolios of overdue receivables. The company has offices in Gothenburg (head office), Stockholm, Helsinki and Oslo. The Group consists of the parent company Collector AB (publ), wholly owned subsidiary Collector Bank AB, where the main business is conducted, Colligent Inkasso AB and Colligent Norge AS with business services and debt collection and Collector Ventures 1 KB with investments in Fintech. Collector AB (publ) is listed on Nasdaq Stockholm