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