Nordax Bank issues SEK 350 millions of subordinated Tier 2 bonds
Nordax Bank AB (publ) has successfully issued SEK 350 million of subordinated Tier 2 bonds. The offer attracted strong demand from Nordic institutional investors. The subordinated bonds are issued under Nordax Bank’s newly established MTN programme with a total framework amount of SEK 3 billion, a 10 year tenor with first call after 5 years paying a coupon of 3m Stibor + 4,15%. Carnegie and Danske Bank acted as joint bookrunners in the transaction. For further information, please contact: Andreas Frid, Head of Marketing & Communication, tel: +46 705 29 08 00 or andreas.frid@nordax.