Resurs Bank issues senior unsecured bonds
In line with Resurs’s strategy of long-term diversified financing, Resurs Holding’s subsidiary Resurs Bank has issued senior unsecured bonds of SEK 550 million and NOK 150 million.
Resurs Bank AB, a wholly owned subsidiary of Resurs Holding AB (Nasdaq Stockholm: RESURS), has issued senior unsecured bonds of SEK 550 million and NOK 150 million in the Nordic markets. The bonds were issued under Resurs Bank’s MTN programme, with a total framework of SEK 9 billion, and will be listed on Nasdaq Stockholm and Oslo Børs respectively.
Both the Swedish and the Norwegian bonds have a three-year-tenor, with maturity in November 2024. The Swedish bonds will carry variable interest of 3 months STIBOR + 1.07%, and the Norwegian bonds will carry variable interest of 3 months NIBOR + 1.07%.
“We are once again very pleased with the strong interest in Resurs Bank in connection with today’s bond issue. Resurs Bank is a Nordic player with the intention of continuing to have a long-term diversified financing at favourable financing terms,” says Sofie Tarring Lindell, CFO & Head of IR, Resurs Holding.
SEB and Swedbank acted as financial consultants in connection with the bond issue.
For additional information:
Sofie Tarring Lindell, CFO & Head of IR, email@example.com, +46 73 644 33 95
ABOUT RESURS BANK
Resurs is a Nordic niche bank that offers leading payment and financing solutions for the retail industry and its customers. We help companies and private individuals with lending, saving and payments. With more than 40 years of experience in the retail sector, we make shopping online and in stores quick, easy and secure. We focus on the customer experience and make good things happen and the hard feel easier. We have a customer base of about 6 million private customers. At the end of the first half of 2021, the Group had 666 employees and a loan portfolio of SEK 31.1 billion. When we use the term “Group” in this report, we are referring to the Resurs Bank Group.