TF Bank has successfully issued subordinated Tier 2 bonds of SEK 100 million

TF Bank AB (publ) has issued subordinated Tier 2 bonds of SEK 100 million with maturity in September 2029 and first possible call in September 2024. The bonds carry a floating rate of 3-month Stibor + 4.65 percent per annum. The issue received strong interest from Nordic institutional investors and enable continued strong profitable growth and will further optimise the capital structure of the company.

Carnegie Investment Bank acted as bookrunner in the transaction and Roschier Advokatbyrå acted as legal advisor.

For further information, please contact:
Mikael Meomuttel, CFO and Head of Investor Relations +46 (0)70 626 95 33

This is information which TF Bank is required to disclose under the EU Market Abuse Regulation. The information was provided, through the above contact person, for publication on 24 September 2019 at 14.00 CET.

TF Bank in brief
TF Bank is an internet-based niche bank offering consumer banking services and e-commerce solutions through a proprietary IT platform with a high degree of automation. The platform is designed for scalability and adaptability to different products, countries, currencies and digital banking solutions. TF Bank carries out deposit and lending activities for about 1 million consumers in Sweden, Finland, Norway, Denmark, Estonia, Latvia, Lithuania, Poland, Germany and Austria through subsidiary, branch or cross-border banking. In its Ecommerce Solutions segment, TF Bank offer next-generation payment and checkout solutions for online retailers in the Nordics, Estonia and Poland. TF Bank is listed at Nasdaq Stockholm.

About Us

TF Bank was founded in Sweden in 1987 for the purpose of offering financing solutions to customers who ordered goods from mail-order catalogues. Over time, the Group has grown both in terms of product offering, profit and geographical reach. Currently, TF Bank offers consumer banking services through a highly automated, in-house developed IT-platform designed for scalability and adaptability to different products, jurisdictions, currencies and digital banking solutions. TF Bank conducts banking operations with deposits and lending to private customers in Sweden and Finland, lending to private customers in Norway and Poland as well as cross-border lending in Denmark, Estonia and Latvia. The Group’s principal business is lending to the public through two segments: Direct to Consumer and Sales Finance. Direct to Consumer comprises mainly of loans of limited amounts to private customers. Sales Finance provides funding solutions for the handling of invoice and instalment payments.

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