Resurs Holding issues Additional Tier 1 Capital and contributes capital to Resurs Bank

Resurs Holding AB (Resurs), owner of Resurs Bank AB with credit rating BBB- (NCR), has issued SEK 300 million Additional Tier 1 Capital notes.

The notes have a perpetual tenor with a first call option after five years and a temporary write-down mechanism. The notes pay a floating rate coupon of 3 months STIBOR + 5.50% and will be listed on Nasdaq Stockholm. The issue date will be 11 December 2019.

Resurs Holding will make an unconditional shareholder’s contribution of SEK 200 million to Resurs Bank.

Nordea and Swedbank acted as financial advisers in relation to the issuance of the Additional Tier 1 Capital notes.

For additional information:
Christina Kassberg, CFO & Head of IR, christina.kassberg@resurs.se +46 42 38 20 00
Christina Jungvid Ohlsson, IR-Officer, christina.jungvidohlsson@resurs.se +46 70 781 65 58

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 about 6 million private customers and more than 700 employees in the Nordics.

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