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Nordax strengthens its funding by issuing bonds in NOK

Nordax has issued bonds secured by a portfolio of Norwegian personal loans issued by Nordax Bank AB (publ) (so-called securitisation or ABS). The size of the issue was NOK 2.2 billion and the bonds will be listed on the Irish Stock Exchange. The transaction strengthens and diversifies the long-term funding of the Nordax Group.The transaction, marketed under the name Scandinavian Consumer Loans VI, was met great interest from international investors. The collateral consists of a portfolio of Norwegian personal loans issued by Nordax Bank AB (publ). The issue is Nordax’s sixth

Nordax successfully issues senior unsecured bonds

Nordax Bank AB (publ) (“Nordax”), a subsidiary of Nordax Group AB (publ), has successfully issued SEK 500,000,000 of senior unsecured bonds and thereby further strengthened its diversified funding base. Based on strong demand from Nordic investors, Nordax has issued SEK 500,000,000 of senior unsecured bonds. Nordax has an outstanding senior unsecured bond that matures on 21 March 2016 and once that has matured Nordax’s outstanding debt instruments will include SEK 250,000,000 of Tier 2 Capital, the aforementioned SEK 500,000,000 in senior unsecured bonds as well as asset backed

Nordax has successfully issued an asset backed securities transaction

Nordax has successfully issued SEK 1,831,000,000 of asset backed securities to further strengthen the diversified funding base of the Nordax Group. Nordax has issued Scandinavian Consumer Loans V, a SEK 1,831,000,000 asset backed securities (“ABS”) transaction backed by a portfolio of Swedish unsecured consumer loans originated by Nordax Bank AB (publ) targeted to international investors. Scandinavian Consumer Loans V is the fifth ABS transaction placed by Nordax under its securitisation programme. Nordax funding base consists of ABS, senior unsecured bonds, warehouse funding

Nordax announces Asset Backed Securities transaction

Nordax Bank AB (publ), a subsidiary to Nordax Group AB (publ), and issuer Nordax Sverige 4 AB (publ),a subsidiary of Nordax Bank AB (publ), have mandated Citigroup as arranger for “Scandinavian ConsumerLoans V”, a SEK denominated Asset Backed Securities (“ABS”) transaction backed by a portfolio of Swedish unsecured consumer loans to be launched in the near future, subject to market conditions. For further information please contact: Johanna Clason, Treasurer, Nordax Tel: + 46 8 690 18 68 E-mail: ir@nordax.se About Nordax Nordax is a leading niche bank in the Nordic

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