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, 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 third quarter of 2021, the Group had 664 employees and a loan portfolio of SEK 32.0 billion. Resurs is listed on Nasdaq Stockholm.