Resurs Bank issues SEK 300 million of subordinated Tier 2 bonds
Resurs Bank AB (publ) has issued SEK 300 million of subordinated Tier 2 bonds in the Nordic market. The subordinated Tier 2 bonds are issued under Resurs Bank’s MTN programme with a total frame of SEK 8 billion and with a final maturity in March 2029 and paying a coupon of 3m Stibor +4.25%. Swedbank acted as bookrunner in the transaction.
About Resurs: 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 about 5.9 million private customers and more than 700 employees in the Nordics.