Resurs Holding issues Additional Tier 1 Capital

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:
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 6.0 million private customers in the Nordics. Resurs Bank has had a banking license 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 2019, the Group had 737 employees and a loan portfolio of SEK 31.1 billion. Resurs is listed on Nasdaq Stockholm.