Nordax has completed a SEK 200 million tap issue of the senior unsecured bond maturing in September 2022

Nordax Bank AB (publ) has increased the senior unsecured bond issued on 23 September 2019 (ISIN SE0012675825) by SEK 200 million. The Bond has a final maturity date on 23 September 2022 and amounts to SEK 500 million following the increase. The price for the tap issue was set to 100,143% corresponding to an interest rate of 3m STIBOR + 1.45%.

The Bond is issued under Nordax Bank’s MTN programme with a total frame of SEK 3 billion.
Nordea Bank acted as sole bookrunner in the transaction.

For further information, please contact:
Arash Bigloo, Head of Treasury, tel: +46-738 660662 or arash.bigloo@nordax.se
 

About Nordax Bank

Nordax Bank is a leading specialistbank in Northern Europe owned by Nordic Capital Fund VIII and Sampo. The client base today consists of 195.000 private clients in Sweden, Norway, Finland and Germany. We are a specialistbank who through responsible lending help people make informed decisions for a life they can afford. We are a flexible complement to the major banks. Instead of quantity we have specialised in a few selected products like private loans, mortgages, equity release products and savings accounts. Since 2019 Svensk Hypotekspension, which are specialists in equity release products, is a fully-owned susbsidiary to Nordax Bank. Nordax has about 200 employees where almost all employees works from one central office in Stockholm. The credit assessment process is one of Nordax core competencies. It is thorough, sound and datadriven. Nordax customers are financially stable individuals. As of 30 June 2019 the lending to the public amounted to 22.4 bn SEK and deposits from the public amounted to 17.7 bn SEK. Read more about Nordax on www.nordaxgroup.com.