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 2022) 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 + 1.35%.
Nordea and Swedbank acted as joint book runners in the transaction.
Resurs is a Nordic niche bank that offers leading payment and financing solutions to retailers and consumers. We make loans, savings and payments fast, simple and secure. With more than 40 years’ experience from retail, our expertise stretches across both the instore and the online shopping experience. Today, we have about 6.0 million customers and more than 700 employees in the Nordics. Together, we make good things happen and the hard feel easier.