Resurs Bank issues SEK 500 million of senior unsecured bonds
Resurs Bank AB has issued SEK 500 million of senior unsecured bonds in the Nordic market. The 3 year bonds (with maturity June 2021) will be listed on Nasdaq Stockholm.
The bonds are issued under Resurs Bank’s MTN programme with a total frame of SEK 5 billion and pays a coupon of 3m Stibor + 1.50%. Settlement date will be 16 May 2018 and maturity date 16 June 2021.
Swedbank acted as sole bookrunner in the transaction.
Resurs was founded in 1977 and is one of the fastest-growing niche banks in the Nordic region. During the 1980s, we pioneered the successful “interest free” retail finance concept, and today we are one of the leading Nordic retail finance banks, with about 5.7 million private customers across the Nordic region. From our core business in retail finance, we have expanded our product offering to also include savings accounts, insurance policies, consumer loans and credit cards. Resurs Bank is owned by Parent Company Resurs Holding and is part of the Resurs Holding Group. In 2015, Resurs Bank acquired the subsidiary yA Bank.