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 securitisation transaction. Nordax’s funding mix comprises securitisations, senior unsecured bonds, warehouse funding facilities provided by international banks, and deposits in Sweden, Norway, Finland and Germany.

Deutsche Bank has served as arranger and lead manager in connection with the issue.

Information on the transaction:

Issuer: Nordax Nordic 4 AB (publ)

Rating: Fitch and DBRS

Maturity date: December 2040

First call date: October 2020

For more information, please contact:

Samira Rosén, Head of Treasury 

Tel: +46 705 784 702


Andreas Frid, Head of Investor Relations

Tel: +46 705 290 800


About Nordax

Nordax has a vision to become the leading niche bank in Northern Europe. Today we offer service to more than 150,000 customers in Sweden, Norway, Finland and Germany. We are a complement to the major banks and concentrate on a few products in which we are experts. We specialize in helping people make informed decisions for a life they can afford. Nordax employs about 200 people, all work­ing in its office in Stockholm. The underwriting process is Nordax’s core competency; it is thorough, sound and data driven. Nordax’s customers are financially stable individuals. The typical customer is 49 years old and has an income above the national average. As of June 30, 2017 lending to the general public amounted to SEK 13.1 billion and deposits amounted to SEK 8.4 billion. Read more on For more information about Nordax’s customer offerings, read more on each country’s web site:,, and


Documents & Links