Nordax issues SEK 300 million of senior unsecured bonds
Nordax Bank AB (publ) has issued SEK 300 million of senior unsecured bonds in the Nordic market. The 3 year bonds (with maturity Sept 2022) will be listed on Nasdaq Stockholm.
The bonds are issued under Nordax Bank’s MTN programme with a total frame of SEK 3 billion and pays a coupon of 3m Stibor + 1.50%. Settlement date will be 23 Sept 2019 and maturity date 23 Sept 2022.
Nordea Bank and Danske Bank acted as joint book runners in the transaction.
For further information, please contact:
Arash Bigloo, Head of Treasury, tel: +46-738 660662 email@example.com
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.