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 600 million and NOK 600 million.
Resurs Bank AB, a wholly owned subsidiary of Resurs Holding AB (Nasdaq Stockholm: RESURS), has issued senior unsecured bonds of SEK 600 million and NOK 600 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.
The Swedish bonds have a three-year-tenor (maturity in June 2024) and will carry variable interest of 3 months STIBOR + 1.15%. The Norwegian bonds have a two-year-tenor (maturity in June 2023) and will carry variable interest of 3 months NIBOR + 1.00%.
“We are very pleased with the strong interest in Resurs Bank in connection with this bond issue. Issuing bonds both in Sweden and Norway is a proof of Resurs being a Nordic player with the intention of continuing to have a long-term diversified financing. Our credit rating from Nordic Credit Rating (NCR) was raised in April to BBB, stable outlook, which gives us good conditions for 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, sofie.tarringlindell@resurs.se, +46 73 644 33 95
About Resurs Holding:
Resurs Holding (Resurs), which operates through the subsidiaries Resurs Bank and Solid Försäkring, is the leader in retail finance in the Nordic region, offering payment solutions, consumer loans and niche insurance products. Since its start in 1977, Resurs Bank has established itself as a leading partner for sales-driven payment and loyalty solutions in retail and e-commerce, and Resurs has thus built a customer base of approximately 6 million private customers in the Nordics. Resurs Bank has had a banking licence since 2001 and is under the supervision of the Swedish Financial Supervisory Authority. The Resurs Group operates in Sweden, Denmark, Norway and Finland. At the end of the first quarter of 2021, the Group had 702 employees and a loan portfolio of SEK 31.6 billion. Resurs is listed on Nasdaq Stockholm.