Resurs Bank issues SEK 700 million of senior unsecured bonds
Resurs Bank AB has issued SEK 700 million of senior unsecured bonds in the Nordic market. The 3 year bonds (with maturity August 2021) will be listed on Nasdaq Stockholm. The offer attracted very strong demand and resulted in an oversubscribed orderbook.
The bonds are issued under Resurs Bank’s MTN programme with a total frame of SEK 8 billion and pays a coupon of 3m Stibor + 1.50%. Settlement date will be 30 August 2018 and maturity date 30 August 2021.
Nordea and Swedbank acted as joint book runners in the transaction.
About Resurs Bank:
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.